HomeAsiaDSV and Logos build $200 million warehouse expected to create more than...

DSV and Logos build $200 million warehouse expected to create more than 300 jobs

SINGAPORE – Global logistics company DSV and logistics real estate specialist Logos will invest a total of $200 million in a build-to-suit warehouse expected to be completed by mid-2025.

The five-story, 720,000-square-foot warehouse, called DSV Pearl, will create more than 300 jobs in the logistics sector once it is operational, the companies said.

It will feature automation features and sustainability solutions to improve its operations, including solar panels to harness renewable energy to power the facility and on-site electric vehicle chargers, as well as smart lighting to optimize energy consumption.

Singapore is a key supply chain hub in the region and a key market for DSV to grow its presence and address customer needs, said Guillaume Burette, executive vice president of DSV Solutions Asia-Pacific.

DSV now operates 13 facilities in Singapore with a total area of ​​1.7 million square feet, it added. Two of them are called DSV Sapphire and DSV Ruby.

DSV Pearl will be the company’s largest facility in Singapore upon completion. It will have a large area of ​​136,000 square feet per floor, with high ceilings and advanced warehouse automation systems to increase efficiency in the storage, retrieval and processing of goods.

“DSV Pearl’s facility expands Singapore’s suite of advanced warehousing solutions for global companies in sectors such as pharmaceuticals, retail, consumer goods and technology, enabling them to serve growing regional demand across Southeast Asia,” said Economic Development Board chairman Png Cheong Boon. at the opening ceremony of the DSV Pearl on Monday.

Located at Tukang Innovation Drive in Taman Jurong, off Ayer Rajah Expressway, the facility is owned and developed by Logos, and will be fully dedicated and designed for DSV.

DSV Solutions Singapore CEO Xie Fang said DSV Pearl’s sustainability features are part of the company’s efforts to reduce absolute emissions by 50 per cent by 2050 and contribute positively to the Singapore Green Plan 2030.

Source link

- Advertisment -