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| Grand Power Logistics Park proposed location (approx. 867,000 square meters) |
Proposed Phase 2 of Logistics Park; land would have to be reclaimed(approx 3-year process), 1.6 Million square meters |
Grand Power assigned an independent real estate evaluator, Savills Valuation and Professional Services Limited, a subsidiary of Savills Plc. to evaluate the Yangshan International Container Transit Logistics Park project. According to the valuation report, the current market value for the completed (post construction) project value is RMB 2.8 billion (USD 431 million) while the current site value in a clear and formed state is RMB 1.4 billion (USD 215 million).
Yangshan International Container Transit Logistics Park is approximately 867,000 square meters and will be comprised of four operation zones: container yards, warehouse, processing zone, and office building. The park will become the international transit service centre within the Yangshan Deep Sea Port area, as well as the business centre for large shipping companies and leading logistics companies. The park will develop into an innovative, logistics service providing platform for the modern international shipping logistics industry.
In 2008, Grand Power Logistics Development Limited, a 70% owned subsidiary of Grand Power, is set up to facilitate the Yangshan International Container Transit Logistics Park project which conforms to the China government’s strategic framework of the Yangshan Deep Sea Port. This international commercial project has the characteristics of a modern large service industry which is fully supported and promoted by the Chinese government.
The development of the Yangshan International Container Transit Logistics Park is oriented by the China central government industry policies. The goal of the project is to facilitate Yangshan Deep Sea Port to become the largest international transshipment port in North-East Asia.
The project will transform Yangshan Deep Sea Port from a basic port to a multi functional modern logistics centre to connect manufacturing logistic, trading companies, cargo agent, shipping agent, custom clearance, insurance, finance and other services directly.