Kerry Properties to build 3 logistics parks
Published: 06 Apr 2009 19:55:34 PSTApr. 7, 2009 (China Knowledge) - Kerry Properties Ltd (KPL)<683>, a Hong Kong-based property investment and development company, has earmarked HK$180 million to build logistics parks in Chengdu, Chongqing and Kunshan, according to the vice chairman of the firm's logistics unit. Kerry Properties chose the locations based on where the most goods are produced. The three parks, covering potential floor area of 700,000 square feet in total, will be completed in 2010. Reportedly, the Hong Kong-listed enterprise earned HK$3.05 billion in net profit and HK$13.12 in operating revenue last year. Copyright © 2009 www.chinaknowledge.com Send feedback or comments to: news@chinaknowledge.com For more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today: To access our page on Bloomberg, type CKFI | 
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