"Enlighten Our Future"
KYUDEN GROUP’s Mission is to contribute toward
the realization of a comfortable and environment-friendly lifestyle
today and for generations to come.
March 31, 2023
Kyushu Electric Power Co., Inc.
Kyushu Electric Power Co., Inc. to participate in industrial facility development project in Chesterfield, U.S.
―The company’s first investment in overseas industrial facility development―
Kyushu Electric Power Co., Inc. (Kyuden), through its U.S.-based subsidiary Kyuden Urban DevelopmentAmerica, 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.*1Leadership 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*2Building 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
Item Description
Location Chesterfield, Virginia, U.S.
Site area 230,000m2
Total floor area 47,000m2
Structure Reinforced concrete structure, single-story building
Usage Multi-tenant industrial facility
Total project cost 57ドル million (7.7 billion JPY) *1ドル=135JPY
Planned construction period
Start of construction: May 2023
Completion of construction: July 2024
U.S. subsidiary
Kyuden Urban Development America, LLC
Location: New Castle, Delaware
Established: November 1, 2019
Partner
Crescent Communities, LLC
Headquarters: Charlotte, North Carolina
Description of business: Development of multi-family housing properties,
offices, commercial complexes, and other properties in the southeastern
and southwestern regions of the U.S. covering16 markets in 10 states and
1 special district, centered on Charlotte in which the head office is
located
Industrial facility development site