Gazeley, a leading global developer of logistics warehouses and distribution parks, and Walmart, the world's largest retailer has announced the commencement of Phase two of the Gazeley Beichen Logistics Park development in Tianjin, China. The property is owned by Walmart and is being developed by Gazeley.
Due for completion by early 2014, Phase two consists of three high specification, international grade warehouse buildings totaling 60,000 m² of gross internal floor area. The independent buildings range from 18,000 m² to 24,000 m² each and are divisible by 6,000 m² units.
Phase two follows the successful development of Phase one, which comprises Walmart's 43,000 m² North China regional distribution center (RDC), together with a 24,000 m² North China RDC for Nestle.
Commenting on the launch, Joe Allbright, Vice President of Real Estate Development for Walmart Asia said: "Walmart is pleased to expand the park and deliver world-class warehouse facilities into the rapidly growing Tianjin market. The partnership between Beichen High Tech Park, Gazeley, and Walmart has been essential to our success with this project."
The property is located within Beichen High Tech Industrial Park of Tianjin's Binhai New Development Zone, an area chosen based on its strategic location with proximity to the regional seaport, road and rail network. The site is 15 km from Tianjin city center and easily accessible to all points in Greater Beijing.
Also developed by Gazeley, Phase one of the project was delivered under budget and on schedule, with substantial engineering design efficiencies and other cost savings that have been passed on to the customers.
Source: Red Consultancy