Prologis China: If You Build It, They Will Come
With logistics being one of the major themes of All Roads Lead to China, it was a pleasant surprise to find this Youtube video. An interview conducted by SCMP of Angela Zhao (VP of Investment), this interview gives viewers a basic understanding of their plans.
In the interview, Ms. Zhao was asked:
1) What are your expectations for the China market
1.5 million square meters of space in operation in the China market, with another 800k to 1 million square meters of space coming online per year in the forseeable future.
Total investment to date has been 500m USD, with another 300 – 500m USD per year, or about 375 ~ 500USD per square meter
I guess they really will be developing all the land they recently aquired in Shenzhen, Qingdao, Hangzhou and Ningbo, Changsha, Chengdu, Chongqing, Nanjing and Wuhan,
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