Prologis PLD, the
leading global provider and operator of logistics infrastructure, today
announced it has signed two build-to-suit agreements in China, one with DHL
and the second with Deppon, totaling approximately 460,000 square feet (42,745
square meters). Construction will begin in November and is expected to be
completed by August 2013.
The facilities will be located in China's East Region at the Prologis Jiaxing
Logistics Center with immediate access to major expressways. In addition to
the two build-to-suit projects, the center will also include a speculative
building totaling 137,000 square feet (12,755 square meters) which will be
completed at the same time.
Those three buildings represent phase two of the center. Phase one, a 258,300
square foot (24,000 square meters) single-floor speculative development, has
been fully operational since 2009. With completion of phase two, the center
will be at capacity.
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