PFS plans to build
warehouse in China
Aug 3, 2009 9:01 AM
New Jersey-based Preferred Freezer Services (PFS) has broken ground in a ceremony to mark its historic expansion into China. The cold storage specialist will start construction on a new state-of-the-art facility at Lingang Logistics Park in Shanghai, China.
After construction, the roughly 280,000-square-foot refrigerated warehouse will be the largest and most advanced single-story cold storage facility in China, according to the Shanghai Institute of Mechanical & Electrical Engineering Co Ltd.
“Once completed, the facility will be the largest in PFS’ global network,” said John Galiher, PFS chief executive officer.
“This represents one of the largest build-to-suit transactions in the Shanghai region and marks a notable trading partnership between the United States and China,” said John Carver, executive vice-president of Jones Lang LaSalle, the company representing PFS. “The facility is strategically located just minutes away from the 17-mile East Sea Bridge connecting the Lingang New Area in Shanghai to the recently opened Yangshan Deep Water Port.”
China has the world’s fastest-growing consumer market for perishable food and pharmaceutical products, but its per-capita refrigerated warehouse space is less than one-tenth of most developed nations. PFS has worked with Dalian-based Yida Group to jointly invest in developing the cold storage market in China.
Jones Lang LaSalle also is serving as global marketing partners for Lingang Group, a state-administered development company responsible for developing the nearly 30,000-acre Lingang Manufacturing and Logistics Zones. Jones Lang LaSalle was engaged to advise and broker real estate transactions to help Lingang Group build a trade bridge between China and other nations.
