LogiReal News Portal

DHL, the world’s leading logistics company today announced that its Supply Chain division in Japan will start construction work for its new Sagamihara Logistics Center. Around 5 billion yen (US $ 50 million) will be invested in the development over the next 10 years, strategically located in Sagamihara City, Kanagawa Prefecture. The facility is a stepping stone to further business expansion. With the addition of the facility, DHL Supply Chain will expand its total warehousing space in Japan by approximately 20%. Construction starts in April 2013, with a target completion date of March 2014. 

Global Logistic Properties Limited (“GLP”), one of the world’s leading providers of modern logistics facilities, with a market-leading position in China, Japan and Brazil, today announced that it has pre-leased approximately 43,000 square metres (“sqm”) (463,000 square feet (“sq ft”)) in Suzhou and Wuhan to Best Logistics, one of China’s leading providers of third-party logistics with a focus on Business-to-Consumer (“B2C”) distribution and last-mile deliveries.

Goodman Group (Goodman or Group) today announces that Goodman Hong Kong Logistics Fund (GHKLF or Fund) has formed a co-ownership arrangement with DP World, one of the world’s largest container terminal operators, that provides it with a 25% ownership interest in ATL Logistics Centre Hong Kong (ATL) and an ownership interest in CSX World Terminals Hong Kong, located at Hong Kong’s Kwai Tsing Port.

Global Logistic Properties (“GLP”), one of the world’s leading providers of modern logistics facilities, with a market-leading position in China, Japan and Brazil, today announced the expansion of GLP Japan Development Venture (“Venture”), its 50:50 joint venture with Canada Pension Plan Investment Board (“CPPIB”) to develop modern logistics properties in Japan. Led by an attractive investment pipeline and strong market fundamentals, both CPPIB and GLP have agreed to expand the investment capacity of the Venture and will each contribute an additional JPY29 billion (US$316 million) of equity.