SAN FRANCISCO—Prologis, Inc., says it has signed a build-to-suit agreement for two facilities in China with Deppon, a leading Chinese logistics provider, for a project totaling 452,000 square feet (41,957 square meters).
The new facilities will be located in southern China at the Prologis Dongguan Shipai Logistics Center and will serve as a regional distribution center for the East Pearl River Delta region. The development will feature an extended truck court to support Deppon's express inbound and outbound operations. The facilities are proximate to the Congguan Expressway, which will be completed by year-end and provide direct access to major cities like Guangzhou and Shenzhen.
“We are very pleased to be able to support the continued success of this leading national logistics provider, an important and repeat customer," said Gary Anderson, CEO, Prologis Europe and Asia. “We see strong demand in Dongguan primarily driven by economic growth, domestic consumption and a sizable manufacturing base.”
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
