Asia-Pacific’s largest asset management company, ESR, has just completed construction on its first in-built cold storage facility in a cold chain industrial park in Sichuan, China.
As one of the earliest industrial zones in China, the park plays an important role as part of the Belt and Road initiative, focusing on the development of international supply chain, trade and intelligent manufacturing.
The multi-faceted cold storage facility’s first and second phase are 100 per cent tenanted to several domestic e-commerce companies.
“With the acceleration of e-commerce and resilient supply chain, demand for modern and institutional-grade logistics facilities continues to grow,” said Jeffrey Shen, ESR co-founder and co-CEO.
“We are proud that the project has been recognised by renowned e-commerce tenants in the country and we are committed to strengthening ESR’s cold chain development.”