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Saturday, August 30, 2014

China Venture To Build Modern Logistics Warehouses



Three companies, two of which are based in the U.S., are investing $400 million in a venture to build or further develop 17 modern logistics warehouses in China.

Townsend Group, a global real estate investment management company, and Carlyle Group, a private equity firm, are putting up a total of $200 million. The third partner, Shanghai Yupei Group of Shanghai, a developer of logistics warehouses, is also investing $200 million.

A modern logistics warehouse integrates data processing, product handling, warehousing, inventory services, and packaging to meet transport and distribution needs as cost-efficiently as possible. The concept is relatively new in China.

The partners plan to build 12 warehouses in two years in major shipping hubs. The target cities include major centers such as Shanghai, Beijing, and Guangzhou, and so-called second-tier cities like Shenyang, Tianjin, Chongqing, Zhengzhou, and Hefei. Part of the investment will go toward improvements at five warehouses already owned by Yupei. The 17 warehouses will provide more than 1.8 million sq m (19.3 million sq ft) of space.

The companies have not yet responded to requests for comment. Statements they have released, however, say the investments from Townsend and Carlyle will help Yupei Group accelerate land purchases and construction and expand logistics coverage.

Much of the development in modern logistics warehouses in China is reportedly fueled by consumer consumption, expansion of e-commerce, and favorable government regulations.

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