Citation
(2005), "New logistics park ...", International Journal of Productivity and Performance Management, Vol. 54 No. 4. https://doi.org/10.1108/ijppm.2005.07954dab.001
Publisher
:Emerald Group Publishing Limited
Copyright © 2005, Emerald Group Publishing Limited
New logistics park ...
ProLogis has entered into an equity joint venture (EJV) agreement with Shanghai Lingang Economic Development Group, (Lingang Group), to develop a 768-acre logistics park in Lingang New City, Shanghai.
This park is strategically located on the southeast coastline of Shanghai. The local government plans that Lingang New City will support Shanghai Yangshan International Deep Water Port (Yangshan Port), which is expected to be the world’s largest port on its completion.
Phase I of ProLogis Park Lingang will consist of eight facilities totalling almost 1.1 million sq. ft. but ultimately, the Park could support 10-15 million square feet of distribution space. As a 50 per cent partner in the EJV, ProLogis will invest $14.9 million, or half of the total costs, in this initial phase of development. ProLogis will be the exclusive developer of distribution facilities in the Park, and will have the first right to partner with Lingang Group on future logistics parks in Lingang New City.