Kyushu Electric Power Co., Inc. (Kyuden), through its U.S.-based subsidiary Kyuden Urban Development America, LLC, is to invest in an industrial facility development project in Chesterfield, Virginia in partnership with Sumitomo Forestry Co., Ltd. U.S. subsidiary Crescent Communities, LLC (Crescent). This will be the first time for Kyuden to participate in an overseas industrial facility development project.

　The project, to be carried out jointly with Crescent, involves the development of a multi-tenant industrial facility, which will be divisible into a maximum of six units with a total floor area of 47,000 square meters. The site to be developed stands along Interstate 95 with excellent access to major cities including the state capital Richmond, Port of Virginia, and Richmond International Airport. Acquisition of LEED^*1 certification for environmentally conscious buildings, and implementation of a building LCA^*2 will create high value added for the facility.

　Under the “Kyuden Group Management Plan 2030” which establishes a target for consolidated ordinary income of 150 billion JPY in 2030 (of which 50% is to be from sectors outside the domestic electric power industry), the Kyuden Group will expand the business areas in which in participates and continue to proactively take initiatives in urban and community development.

*1 Leadership in Energy and Environmental Design (LEED) certification: A system developed and managed by the U.S. Green Building Council (USGBC) to evaluate environmental performance of building and site use

*2 Building Life Cycle Assessment (LCA): A methodology to quantitatively assess environmental impact of a building life cycle (procurement, construction, operation, repair, demolition)

Property image

Project outline

Industrial facility development site