Mitsubishi Logistics Corporation plans to invest ¥1.5 billion ($10.4 million) in a new distribution center near Bangkok through a joint venture with a Thai developer, marking an expansion of its Southeast Asian footprint.
The Japanese logistics firm will hold a 49% stake in the venture while its unnamed Thai partner will control the majority share. The 25,000-square-meter facility is scheduled for completion in December 2026, according to people familiar with the matter.
The strategy appears to focus on asset efficiency rather than long-term holding, as the company intends to divest the property after construction. This approach aligns with a growing trend among Japanese logistics providers to develop and then sell assets to improve capital turnover while maintaining operational presence in key growth markets.
Thailand’s strategic location at the heart of Southeast Asia’s logistics network has attracted significant international investment in recent years. The country serves as a gateway to the region’s 600 million consumers, with warehouse rentals projected to experience sustained growth through 2025 amidst expanding regional trade.
Mitsubishi Logistics has maintained operations in Thailand since 1989, providing freight forwarding and transportation services across multiple industries.
