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.
Prologis, Inc. is the global leader in industrial real estate. As of June 30, 2015, Prologis owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 670 million square feet (62 million square meters) in 21 countries. The company leases modern distribution facilities to more than 5,200 customers, including third-party logistics providers, transportation companies, retailers and manufacturers.
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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.
