[photopress:Dalian_Port2.jpg,full,alignright]ProLogis, the world’s largest owner, manager and developer of distribution facilitieswill develop a new, state-of-the-art industrial park at the Port of Dalian in northeastern China. ProLogis, through a joint venture, has secured land at the port that can support more than 290,000 square meters of distribution space. The company has also acquired two existing warehouse facilities totaling about 21,800 square meters, which are currently 95% leased to multinational and local shippers and logistics providers.
The new park will be called ProLogis Park Dalian Port and will serve demand for modern warehouse facilities tied to rising import and export activity at Dalian, China’s eighth-largest port by container volume. Dalian wll probably process approximately 3.2 million containers in 2006 which is a 20 percent increase over the prior year and is a figure to give anyone pause.
The container throughput is expected to triple by the year 2010. That is, 10 million containers will by then be moving through the port. Part of this increase is due to the port’s status as one of three central government-sponsored free trade zones as well as its proximity to markets in Korea and Japan.
Ming Mei, ProLogis managing director and head of China operations for the company, said, ‘Port markets are a lynchpin of our overall strategy in China. Container volume at virtually every major port in the country is growing at remarkable rates and can be expected to do so for the foreseeable future. Over the past two years, ProLogis has established land positions at Chinese ports that can support more than 2.3 million square meters of total warehouse development, all of it in prime locations to serve existing and future customer demand.
‘Dalian is a natural extension of this strategy. We believe ProLogis Park Dalian Port will become the premier distribution site for this area of northeastern China, and significantly enhance our overall platform and presence in the market.’
Source: PR release
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