DSV to widen presence in Singapore with new facility

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DSV continues to expand its footprint in Singapore and has partnered with logistics realtor LOGOS to develop the forwarder’s largest warehouse in the city state, nicknamed DSV Pearl.

Both companies will invest a total of $200 million in the new facility, which is targeted to be completed by mid-2025. The warehouse will cover around 720,000 square feet, with convenient access to key transport infrastructure like Jurong Port, Changi Airport and the upcoming Tuas Megaport.

The five-storey ramp up warehouse will occupy a large floor plate of 136,000 square feet per floor, complete with a high ceiling and advanced warehouse automation systems to increase efficiency in storage, retrieval and processing of goods. It will provide advanced warehousing solutions to serve growing regional demand in various sectors across Southeast, including pharmaceuticals, retail, consumer goods and high tech. 

This will be the first greenfield built-to-suit facility in Singapore, which will be designed specifically for DSV and with environmental stewardship in mind.

The groundbreaking ceremony took place on 19 September 2023 and was officiated by Png Cheong Boon, Chairman of Singapore Economic Development Board, in the presence of key customers and partners.

LOGOS said DSV Pearl is the second investment in its Pan Asia Core+ Venture (PACV), an open-ended private fund launched late last year by ESR Group and LOGOS with a focus on investing in sustainable opportunities in Asia Pacific’s prime logistics real estate sector.

With a shared commitment to sustainability, Chin Yarng, head of Singapore at LOGOS, said this new warehouse will target the highest green credentials and help to maintain the highest of standard for logistics warehousing in Singapore.

The warehouse will be equipped with solar panels to power the facility, as well as onsite electric vehicle chargers and smart lighting systems to optimise energy consumption and promote environmentally friendly operations.

DSV has also partnered with the Republic Polytechnic to identify areas of improvements in warehouse operations, as well as Singapore-based technology company GUUD, on last-mile delivery carbon emission tracking and reduction.