Wal-Mart, the world’s largest retailer, and Gazeley, a leading global developer of logistics warehouses and distribution parks, have announced the commencement of phase two of the Gazeley Beichen Logistics Park development in Tianjin, China. The property is owned by Wal-Mart and is being developed by Gazeley.
Due for completion by early 2014, phase two consists of three international grade warehouse buildings totalling 60,000sq m of gross internal floor area. The independent buildings range from 18,000sq m to 24,000sq m each and are divisible by 6,000sq m units.
Phase two follows the successful development of phase one, which comprises Wal-Mart’s 43,000sq m North China regional distribution centre (RDC), together with a 24,000sq m North China RDC for Nestle.
Joe Allbright, vice president of real estate development for Wal-Mart Asia, said: “Wal-Mart 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 Wal-Mart 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 15km from Tianjin city centre 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.
Phase two will have the same efficient design and be built to the same high standards, said Gazeley. Additionally, a number of enhancements have been incorporated, including cost effective energy efficiency features that will further reduce end-users’ operating costs.
Sally Lin, country director of Gazeley China, said: “We are delighted to continue our work with Wal-Mart to build the Beichen project as a strategic base for blue-chip companies. The launch of phase two is an exciting opportunity for us to expand in China, along with our pipeline of new build-to-suit and speculative development opportunities that we plan to deliver with our best-in-class service and technical expertise.”
Over the past five years, Gazeley has developed various projects across China for a range of global and domestic customers.