AMB, a leading global developer and owner of industrial real estate, has acquired three buildings, aggregating approximately 28,400 square meters next to Beijing Capital International Airport (PEK). This move was forecast in our article of November 7.
Hamid R. Moghadam, AMB’s chairman and CEO said, ‘Beijing’s position as a premier air cargo market supporting increased trade flows has been further secured by the recent expansion of its airport. PEK has experienced 30% cargo volume increase in the first four months of 2008, over the same period in 2007.
‘Beijing has become as a global gateway for high value import and export air cargo.’
Beijing Airport Logistics Park is the only infill air cargo logistics park adjacent to Beijing Capital International Airport.
In addition to Beijing Capital International Airport, AMB owns and operates air cargo facilities in Asia at Tokyo’s Narita International Airport, Singapore’s Changi International Airport, and Seoul’s Incheon International Airport.
Source: MarketWatch
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