ProLogis Research Group Releases New Report on South Korea's Industrial Property Markets
October 05 2009 - 7:00AM
PR Newswire (US)
DENVER, Oct. 5 /PRNewswire-FirstCall/ -- ProLogis (NYSE:PLD), a
leading global provider of distribution facilities, today released
a new research report entitled, "South Korea's Logistics Property
Markets: Playing Catch-Up." The report examines South Korea's
under-developed industrial property markets against the backdrop of
its postwar economic success. The report analyzes how this sector
has been affected by the historical, political and geographical
landscape of the country. It goes further to discuss how, over the
past few decades, South Korea has made tremendous strides
economically and how only recently the country has begun to focus
on building modern distribution and supply chain networks. "It is
estimated that 95 percent of the existing inventory of warehouse
and distribution space in South Korea is outdated and obsolete,"
commented Len Sahling, first vice president of the Prologis
Research Group. "In response to intensifying global pressures,
South Korean companies have begun to realize that they will need to
create world-class logistics and supply chain networks to remain
competitive in the world economy. Because South Korea's economy has
remained vibrant through the worldwide recession and its real GDP
is expected to resume growing at a rapid pace when the recession
finally ends, the country's logistics property markets appear to
possess abundant upside potential." For a copy of the report on
South Korea's logistics property markets, or other reports
published by the ProLogis Research Group, please point your browser
to:
http://www.prologisresearch.com/supplychain/default.asp?reid=A3U21437887DE.
The ProLogis Research Group monitors, analyzes and reports on key
trends and dynamics in both real estate and supply-chain
management, drawing from industry data and primary research
conducted by company analysts and a network of affiliated academics
and other professionals. Past reports have focused on global supply
chain dynamics, internet retailing, RFID technology, offshore
outsourcing and other related topics. About ProLogis ProLogis is a
leading global provider of distribution facilities, with more than
475 million square feet of industrial space (44 million square
meters) in markets across North America, Europe and Asia. The
company leases its industrial facilities to more than 4,500
customers, including manufacturers, retailers, transportation
companies, third-party logistics providers and other enterprises
with large-scale distribution needs. For additional information
about the company, go to http://www.prologis.com/. DATASOURCE:
ProLogis CONTACT: Media, Mo Sheahan of ProLogis, +1-303-567-5434, ;
or Suzanne Dawson of Linden Alschuler & Kaplan, Inc.,
+1-212-329-1420, , for ProLogis; or Investors, Melissa Marsden of
ProLogis, +1-303-567-5622, Web Site: http://www.prologis.com/
http://www.prologisresearch.com/
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