BBX Logistics and PCCP JV to build logistics park in Florida
Construction works are set to partition the current three-building logistical centre into smaller spaces.
14 September 2023
14 September 2023
Construction works are set to partition the current three-building logistical centre into smaller spaces.
The project involved the instillation of technical infrastructure and a cycle path between Møllendal and Kronstad.
The facility is predicted to generate 350-400 job opportunities in the area.
Steinbridge has also teamed up with the PNC Bank in order to assist renters become homeowners in future.
The majority of the fundamental structures of the building will remain untouched throughout the process.
Rent rates for 20% of apartments at the development will be affordable for those earning 80% of the local median income.
The development is being partly funded via the federal government's Infrastructure Investment and Jobs Act.
Works on the development are set to begin next year.
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Per GlobalData analysis, the South-East Asia construction industry in 2023 is dominated by Indonesia, though the country will see a slowdown compared to 2022 due to elevated building material prices, weak commercial property demand, high interest rates and a softening of external demand. The construction industry in the Philippines is estimated to register a AAGR of 7.2% between 2024 and 2027, supported by the government’s focus on the development of the country’s rail and road transport and energy infrastructure.
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