ProLogis signs lease deal with Nittsu Sinotrans Logistics

ProLogis, the world’s largest owner, manager and developer of distribution facilities, has leased about 19,000 square meters to Nittsu Sinotrans Logistics Dalian, a joint venture of Sinotrans Liaoning and Nippon Express.

According to the lease contract, Nittsu Sinotrans will get distribution space at ProLogis Park Dalian Free Port, from where it can offer logistics and transportation services to Japan-based Canon.

ProLogis Park Dalian Free Port is a distribution park covering a total space of about 130,000 square meters.

The site in northeastern China has close and easy access to markets in Korea and Japan.

Denver-headquartered ProLogis has $38.8 billion of assets, which are either owned, or managed or are under development.
Source: AliBaba.com