Global forwarding and logistics company Panalpina is expanding its logistics platform in Asia-Pacific with a new 30,000 sqm build-to-suit, multi-user facility in Singapore, the largest warehousing investment outside of Europe in the company’s history. The facility will be operational by early 2018 and when completed will, along with its Changi Airport facility, bring Panalpina’s total warehousing footprint in Singapore to 100,000 sqm.
Panalpina said the investment demonstrates Panalpina’s continued commitment to a strong and successful logistics platform in Asia-Pacific and will help it expand this business by offering customers an ultra-efficient and tailored solution for their specific logistics needs. A full 96 out of Panalpina’s top 100 customers globally have a base in Singapore.
“Singapore is a very important consolidation hub for ocean and air freight,” said Matthew Gallagher, country head of sales, Singapore. “We plan to offer our services in this area including value-added logistics services to new customers particularly in the healthcare, technology, manufacturing, consumer and retail as well as fashion industries. And, of course, we will continue to service existing customers including global telecom equipment manufacturers, sporting goods retailers and medical equipment companies,” he added.
Singapore, as one of the world’s top logistics hubs, is notable for its world-class port infrastructure, efficient customs and excellent connectivity. But with a total land area measuring half the size of Los Angeles and a population of more than five million, land is scarce, making property prices and rents extremely high. For this reason, Panalpina has taken ownership of the new building, rather than leasing it.
And to take full advantage of the land it occupies, it will be one of only three buildings in Singapore to have yard and container storage on the rooftop, with the ability to store containers up to two levels high.
As Mark Fitzpatrick, country head of Logistics in Singapore, notes, there are more advantages to owning and managing a facility: “Not being tied to a lease agreement opens up many opportunities that are not always available in leased premises. This freedom allows us to offer the best possible solutions for our customers.”
Each of the building’s six floors and the rooftop are to be serviced by dedicated loading bays and cargo lifts. Upon completion, the facility will also be air-conditioning ready, meaning the ducts will already be built into the structure of the building, allowing for multiple temperature settings on all floors.
“We will run this facility as a multi-user site with a variety of customers, each with different needs, on each floor. Having air conditioning ready when needed, will save cost and time when we take a new customer on board,” explains Fitzpatrick. Sustainability is another key feature of the new facility, which is designed to meet the highest standards as measured by LEED (Leadership in Energy and Environmental Design) and Greenmark Platinum.
“We are very excited about this new facility. The collective features of the building, including the special rooftop, are unusual to have, and since 96 out of our top 100 customers globally have a base in Singapore, it makes perfect sense to extend our capabilities here,” adds Fitzpatrick. Together with Panalpina’s other facilities at Changi Airport, the Asia-Pacific LCL hub, as well as the multi-user facilities in Changi North and Jurong, the company’s warehousing footprint in Singapore will soon increase to 100,000 sqm.