LOGOS hands over strategically located, 102,000+sqm Wujiang FOHO E-commerce Hub Logistics Center to LF Logistics
Monday 23rd March 2020
乐歌集团向利丰供应链交付超102,000平方米枢纽园区 – 吴江电子商务产业园
The Asia Pacific logistics property specialist, LOGOS is pleased to hand over the recently completed Wujiang FOHO E-commerce Hub Logistics Center to LF Logistics, a leading logistics services provider. LF Logistics signed a 10-year pre-commitment for the well-located, three storey, 102,197sqm facility in 2019.
LOGOS acquired the Wujiang site in late 2017 and began construction of the three-storey ramped facility in May 2018. During the construction process, LOGOS worked closely with LF Logistics to accommodate its requirements including a staged, early access, regime enabling LF Logistics to safely fit-out the facility to meet its customers’ demanding timelines.
The building will become LF Logistics’ nationwide fulfillment centre to satisfy the evolving requirements of its customers across the region. The building features sustainability initiatives such as LED energy-saving lamps and recycled rainwater and is aiming to receive a LEED Silver certification.
Daniel Cai, Chief Operating Officer of LOGOS’ China business, said: “We’re very pleased to welcome LF Logistics, one of the industry’s most respected 3PLs and its customers to Wujiang FOHO. LF Logistics and its customers currently implement some of the world’s most sophisticated e-commerce operations and we’re proud that Wujiang FOHO will be a key node in their nationwide network.”
Wujiang FOHO is located close to some China’s most advanced infrastructure and is a 45-minute drive from Shanghai’s central business district, providing convenient access to one of the country’s most populous and affluent consumer bases.
Dominic Gates, President, In Country, LF Logistics, said, “This new center is a key part of our growth strategy and our collaboration with LOGOS is one of the largest leasing agreements in our global portfolio. It will be a strategic anchor to our operations in the Yangzte River Delta and we look forward to our continued cooperation with LOGOS in the region and throughout APAC.
“In recognition of the great partnership approach in delivering our new center, we were pleased to award LOGOS as one of our Top Vendors at our Annual Dinner celebrations on January 4, 2020,” he added.
Commenting on China’s warehouse leasing market, Mr Cai said: “Given the insufficient supply of land for development in major markets, 3PLs are seeing the benefits of securing strategically located sites on a long-term basis. Many 3PLs are taking additional space to service their future pipeline as having readily available space is a real competitive advantage when bidding for new service contracts.”
The Wujiang FOHO park is one of several prime, development sites owned by LOGOS China Logistics Venture (LCLV), one of three ventures managed by LOGOS’ China business. The focus of these ventures is to acquire and develop prime logistics parks across China’s major urban markets.
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