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Focus on China
ProLogis has been named ‘Best Developer in China’ by Euromoney’s Liquid Real Estate magazine. Winners were nominated via a poll of 570 professionals in the real estate and finance industries. Accepting the award at a banquet in London, Ming Mei, president of China operations for ProLogis, said the Chinese market continues to offer enormous opportunity for providers of high-quality industrial facilities.
“Modern warehouses in the right locations will play a critical role in improving China’s overall distribution infrastructure,” he said. “We are focused on building a portfolio that will enable our customers to increase the efficiency of their supply chains, and on lowering the overall cost of distribution nationwide.”
Since beginning operations in China in April 2003, ProLogis has developed more than 40 logistics parks in 19 cities. Industrial space completed and under development is approaching 13 million sq ft. We plan to invest a further $2 billion to add around 10.8 million sq ft of space annually over the next few years. Customers in China include Adidas, DHL, L’Oreal, Nokia, NYK, Samsung and Yum! Brands.
To see more of ProLogis’ China portfolio, go to www.prologis.com.cn The Property Search option provides a fully interactive map leading to detailed information about each park. Helpfully, the whole site can be translated into English at the click of a button.
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