ProLogis has started construction on two double-story inventory buildings totalling 920,000 sq.ft at ProLogis Park Hongqiao West near Shanghai Hongqiao International Airport.
Earlier this year, ProLogis acquired land and two closed manufacturing facilities at the park, which will be converted for use as distribution centres. At full build-out, the new park will comprise five facilities totalling 1.8 million sq.ft, with a total investment in the facilities under construction of approximately US$52 million.
ProLogis has also begun the first phase of development on ProLogis Park Yantian. In partnership with the Yantian Port Group, ProLogis building two triple-story export bonded facilities comprising 751,000 sq.ft, with a total investment of approximately US$48 million.
Since entering China in 2004, ProLogis has built up a portfolio of 15.5 million sq.ft in operation and under development.
Earlier this year, ProLogis acquired land and two closed manufacturing facilities at the park, which will be converted for use as distribution centres. At full build-out, the new park will comprise five facilities totalling 1.8 million sq.ft, with a total investment in the facilities under construction of approximately US$52 million.
ProLogis has also begun the first phase of development on ProLogis Park Yantian. In partnership with the Yantian Port Group, ProLogis building two triple-story export bonded facilities comprising 751,000 sq.ft, with a total investment of approximately US$48 million.
Since entering China in 2004, ProLogis has built up a portfolio of 15.5 million sq.ft in operation and under development.