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Second phase for Walmart's Tianjin Distribution Centre

PRESS RELEASE

July 06, 2015 – Walmart completes Phase II of the Walmart Tianjin Distribution Centre in Beichen District, Tianjin.

This speculative distribution centre of four Grade A logistics warehouses totaling GFA 80,000 sq.mt. is located in the Beichen Hi-Tech Industrial Park of Tianjin's Binhai New Development Zone, a premises chosen by Walmart based on its strategic location with proximity to the regional seaport, road and rail network.

Walmart is developing this distribution centre into its largest logistics park in North China with its global supply chain partners including global brands such as Nestle and Unilever having moved in. A few other international companies such as ABB are also planning to relocate to this logistics park in the near future.

"As an important part of Walmart China's long-term strategy, the development of supply chain is given high priority in the business. Walmart has been optimizing and improving its distribution network in China." said Peter Sharp, Leader of Walmart Asia Realty.

"The development of such an international logistics park also mirrors Walmart's endeavor to achieve win-win for the government, suppliers and retailer by building a strong supply chain network and system, to ultimately achieve our goal of saving people money so they can live better by lowering the cost."

The phase II development is managed by IDI Gazeley (Brookfield Logistics Properties), one of the world's leading investors and developers of logistics warehouses and distribution parks. As Walmart's long-term strategic partner, IDI Gazeley has successfully delivered three major projects in China since 2007.

Speaking at the opening ceremony, IDI Gazeley China Country Director, Sally Lin commented: "We are delighted to have been chosen by Walmart again to play such a key role in supporting the growth of their fast expanding operations in China. The delivery of Phase II of the Tianjin Distribution Centre represents another significant milestone in IDI Gazeley's plan to serve a growing base of international companies in China by delivering them a consistent level of excellence across our global platform by leveraging our local market expertise and international best practices to provide a world class logistics facility for our customer in China."

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