SAN FRANCISCO—Prologis Inc., the global leader in logistics infrastructure, has signed five new development leases totaling 926,000 square feet (86,000 square meters) in three of its target markets in China: Suzhou, Chongqing and Shenyang.
"This leasing underscores the merits of our focused investment strategy of building, owning and managing the highest-quality distribution facilities in premier locations in supply-constrained markets," said Gary Anderson, CEO, Prologis Europe and Asia. "Demand in our target markets remains broad-based, spanning the e-commerce and consumer goods sectors. Our well-located, class-A properties meet this demand by putting our customers closer to the end consumer."
Prologis owns and manages approximately 51 million square feet (4.7 million square meters) of logistics and distribution space in Asia as of June 30.
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.
