Prologis has signed a new build-to-suit agreement with Walmart.com Brazil for a 576,000 square foot (53,500 square metres) distribution centre in Sao Paulo, Brazil.
The new facility will be located at Prologis CCP Cajamar II adjacent to the Anhanguera Highway allowing immediate access to the Rodoanel (Ring Road) and central Sao Paulo. At full build-out, Cajamar I and Cajamar II are expected to total approximately 4.9 million square feet (455,220 square metres).
"E-commerce fulfilment continues to drive strong demand in Brazil with companies positioning their distribution networks for expedited delivery," says Luis Gutierrez, president, Prologis Latin America. "Prologis is well positioned to meet these needs by providing modern logistics facilities in its global markets."
Prologis CCP Cajamar II Industrial Park was developed and is operated by Prologis CCP, a joint venture between Prologis and Cyrela Commercial Properties (CCP).