DSV and LOGOS to invest $200m and set new warehousing standards with the development of DSV Pearl in Singapore

"The DSV Pearl facility expands Singapore’s suite of advanced warehousing solutions for global businesses across sectors such as pharmaceuticals, retail, consumer goods and tech - enabling them to serve growing regional demand across Southeast Asia. DSV Pearl’s partnerships with Singapore’s vibrant ecosystem of local research institutes, robotics and logistics technology providers will also support advances in automation, productivity and sustainability solutions, thus boosting the operational excellence of our logistics sector."

"We are thrilled to break ground on DSV Pearl, one of our newest and most advanced warehouse facility in Asia. Singapore is a key supply chain hub in the region with growing demand for innovative warehousing solutions and DSV is committed to continue expanding our footprint in the country. The facility is set to define new warehousing standards with investments in automation and digitalization as we aim to create more high value jobs within the industry."

"We are very pleased to have established a new partnership with DSV to develop their first greenfield built-to-suit facility in Singapore. DSV Pearl is the second investment in our Pan Asia Core+ Venture (PACV), an open-ended flagship private fund ESR Group and LOGOS launched late last year with a focus on investing in sustainable Asia Pacific prime logistics opportunities in response to the continued growth of logistics real estate in this region. This new warehouse and our partnership with DSV is a clear strategic fit for PACV and our business."

"DSV Pearl’s sustainability features are aligned with DSV’s commitment to achieve 50% reduction of absolute emissions by 2050 and contribute positively to Singapore Green Plan 2030.” She added, “we will continue to work closely with EDB and JTC, local institutions and logistics technology solutions providers to develop innovative and sustainable warehousing solutions for customers in various industries in Singapore."

"As a regional real estate logistics specialist, LOGOS looks forward to leveraging our local and Asia Pacific experience to develop this state-of-the-art modern ramp up facility for DSV. With a shared commitment to sustainability, this new warehouse will target the highest green credentials and help to maintain the highest of standard for logistics warehousing in Singapore."