Gazeley enters warehousing business in China
Walmart's wholly-owned European subsidiary, Gazeley, has entered the Chinese warehousing market building its first facility in the northern Chinese city of Tianjin.
The warehouse, which covers a site measuring 42,000 square metres, is expected to be complete by September, Xinhua reports.
Gazeley China is also said to be planning to build additional warehouses in the Yangtze River Delta, Pearl River Delta, Bohai Rim and western China, to feed its parent company's voracious demand for goods from China.
Walmart's recent acquisition of Trust-Mart is also expected to expand Gazeley's business in China. The company also intends to serve other big multi-national and domestic retailers in China.
Gazeley's presence in China is expected to intensify competition in a market previously dominated by Prologis, which has established a presence in China since 2004 and has invested nearly US$400 million on a total of 680,000 square metres of warehouse and logistics space in 15 mainland China cities.
The warehouse, which covers a site measuring 42,000 square metres, is expected to be complete by September, Xinhua reports.
Gazeley China is also said to be planning to build additional warehouses in the Yangtze River Delta, Pearl River Delta, Bohai Rim and western China, to feed its parent company's voracious demand for goods from China.
Walmart's recent acquisition of Trust-Mart is also expected to expand Gazeley's business in China. The company also intends to serve other big multi-national and domestic retailers in China.
Gazeley's presence in China is expected to intensify competition in a market previously dominated by Prologis, which has established a presence in China since 2004 and has invested nearly US$400 million on a total of 680,000 square metres of warehouse and logistics space in 15 mainland China cities.
