CJ GLS builds large-scaled distribution bases along expressway.
CJ GLS begins a nationwide project to develop large-scaled distribution bases with Korea Expressway Corp.
In April, CJ GLS concluded contract to develop the idle sites created due to expressway improvement project conducted by Korea Expressway Corp.
Korea Expressway Corp. is planning to develop 20 distribution bases throughout the country from 2007 to 2010 and this development project will be operated by CJ GLS.
The facilities to be introduced are large-scaled distribution facilities of cargo terminals as well as freight distribution and storage facilities, etc. Project commencement is due to take place in December this year.
It is being analyzed that the reason CJ GLS decided to commence development of the large-scaled distribution bases is because it is not easy to secure sites for large-scaled distribution centers due to rapid increase in land price and difficulties associated with obtaining the related permits, etc.
In fact, land price of roadside lands in metropolitan region increased from KRW 250,000 ~ 300,000 per 3.3㎡ 2 years ago to over KRW 1M in the recent times.
Also, to rent a warehouse with ground space of 1,6000㎡