Along with the developer’s purchase of land for residential, office and retail development, however, Vanke also expanded its logistics holdings in China by purchasing Swire Cold Chain Logistics from Hong Kong-listed Swire Pacific for just under RMB 2 billion (€255 million).
With the acquisition of Swire’s set of refrigerated shipping facilities, Vanke, which had already begun establishing a cold chain division of its logistics business, vaults into the ranks of China’s 10 largest temperature-controlled storage providers.
Source: mingtiandi.com
