Gazeley, a subsidiary of Wal-Mart, has announced plans to formally enter China to develop the logistics sector.
Headquartered in Britain, Gazeley is one of Europe's leading developers of logistics spaces and provides state of the art buildings and storage leases to multinationals and third-party logistics operators.
Gazeley now has organized an operating team to take charge of operations in China. The first logistics space for Gazeley in China lies in Tianjin and is now under construction. The other storage base will be in Jiaxing, Zhejiang province and be finished in January 2008.
The greatest competitor for Gazeley in China will be ProLogis, a leading global provider of industrial facilities which currently has 383,000 square meters of distribution space in China.
Gazeley will not only cater to Wal-Mart, but also serve other multinational companies and Chinese national companies.