LOGISTICS services provider Kuehne + Nagel has launched the construction of a 46,000 square metre (sq m) multi-purpose warehouse facility in the western part of Singapore.
The build-to-suit (BTS) logistics centre will be located within close proximity to major manufacturers and ports. The new state-of-the-art facility will have 55 loading bays and five floors dedicated to storage, with up to 20,000 sq m to be used as a cold storage zone to manage temperature-sensitive goods for pharmaceutical and healthcare customers. The remaining space will cater mostly for aerospace, spare parts and hi-tech products, with a further 4,000 sq m allocated to offices.
"Singapore is an important logistics hub for global trade thanks to its worldclass infrastructure and excellent connectivity. Our investment in this modern facility is one of the largest outside Europe and it reflects both the importance of Singapore as a business location and its significance for the Kuehne + Nagel network. It will house over 500 Kuehne + Nagel specialists and is designed to serve Kuehne + Nagel's customers across multiple industry sectors," Karl Gernandt, chairman of Kuehne + Nagel International, said.
The facility is expected to be completed by the end of 2015.