[photopress:logistics_gazely.jpg,full,alignright]UK-based Gazeley Properties Limited, a wholly owned subsidiary of global retailer giant Wal-Mart, is scheduled to create a logistics center with a construction area of 53,000 square meters and a land area of 146.3 mu (or about 97,582.1 square meters) in the eastern Chinese city of Kunshan.
The first phase of the project will start next month and the project is scheduled to be completed by June 2008.
Kunshan is 55 kilometers west of Shanghai and this project is part of Gazeley China’s expansion plan. The company has already developed a distribution center in Tianjin and a warehouse in Jiaxing. The first to be finished in September 2007 and the second in July 2008. These two projects will provide services exclusively for Wal-Mart while the Kunshan warehouse is being developed and designed for leasing.
Gazeley China is planning to develop more logistics projects in the Yangtze River Delta, the Pearl River Delta in southeast China, the Peripheral Economic Zone of the Bohai Sea, and west China areas.
Source: Trading Markets