ProLogis Leases 194,000SF in China
- May 22, 2008
ProLogis has leased 194,000 square feet of distribution space to Guangzhou Hutchison Logistics Co., the company said today. Hutchison Logistics has leased warehouse space at ProLogis Park Sanshan, a master-planned industrial park located in Guangzhou, China. The company will operate the facility as a regional distribution center for BMW, shipping automobile parts throughout the Pearl River Delta area.”Guangzhou is a burgeoning city, with a rapidly growing population and economy,” Ming Mei, president for ProLogis in China said in a release today. “It is a key distribution hub for our customers due to its location in the Pearl River Delta, providing an established highway infrastructure and a port on the River, which is navigable to the South China Sea. We expect ProLogis Park Sanshan to become a major part of our strategic portfolio in the area.”ProLogis Park Sanshan is located less than one kilometer from the main expressway connecting the cities of Guangzhou and Foshan. ProLogis currently has four distribution facilities in the park, totaling approximately 950,000 square feet and has land available to support an additional 377,000 square feet of distribution space.Additionally, ProLogis announced plans to develop a new, state-of-the-art industrial park in the Guangdong Province. Through a joint venture, ProLogis has secured 102 acres of land that can support two million square feet of distribution space in the Zhuhai Free Trade Zone. The new park, to be called ProLogis Park Zhuhai, will serve the growing demand for modern warehouse facilities in the area. Located in the Pearl River Delta Region, the park offers convenient access to the city of Macao.