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What is Build to Suit Warehouse ?

The Process of Leasing your Land a Warehouse:
1. Visit website “https://www.warehousewale.com/
2. Sing up with email id and Phone Number
3. Post your land details on “Post Property for Free”
4. There are two Option “Ready To Move warehouse” Build to suit warehouse for rent
5. Select “Build to Suit Warehouse for Rent”
Fill Plot area and Covered area covered area always less than 40% of Plot Area
Now your listing has been published the details of your land or property also comes to us through the listing this listing does not expire until your property is rented out. Apart from this, we also talk to our clients and try to get your property rented out.
#warehouseforrent #Buildtosuitwarehouseforrent #BTSwarehouseforRent #Builtinsuit warehouseforlease #buildinsuitwarehouserent #newbusinessidea #warehouse #realestate #broker #property

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Build to Suit Factory – Long Hậu

Dear Valued Customer,. Thank you for your interesting in Long Hau Industrial Park. We would like to send to information our Built to Suite Factory or Warehouse …

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Date Published: 2/29/2021

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Built To Suit Warehouse Service – IndiaMART

Warehousing Space Team Proves Its Client Built to Suit Warehouse, Industrial Land for rent, Commercial Properties Facilities according To Clients’ …

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Date Published: 4/2/2022

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• Author: Warehouse Wale
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• Date Published: 2020. 7. 20.
• Video Url link: https://www.youtube.com/watch?v=tW5GB-RgGTs

What is a BTS building?

A build-to-suit lease (BTS) is a type of commercial real estate agreement in which a business commissions a real estate developer to build a commercial property without putting forth any capital.

What is BTS option?

Under the BTS system, a developed property is an option to sell at some point in the future after completion and owning the property can be identical to owning a call option with an infinite life.

What materials do you need to build a warehouse?

The main structure of a warehouse is typically made from steel. The steel is in the form of interlocking poles and pipes, which are then welded together to create a tall yet durable frame for the cladding and roof to be affixed to.

What is a build to suit?

A build to suit is a commercial building or space specifically constructed to the client’s needs – whether that’s an indoor trampoline park, home of a tech company or a simple update of space – this process focuses on one end user.

What is the meaning of built to suit?

Definition: Build to suit is a type of real estate development where a property owner or developer agrees to build a building for sale or lease to the specifications of a prospective tenant, who signs a lease agreement to occupy the property once it is complete.

Who founded BTS?

BTS was formed in 2010, after Big Hit Entertainment CEO Bang Si-hyuk wanted to form a hip hop group around RM (Kim Namjoon), an underground rapper who was well known on the music scene in Seoul.

How much is BTS worth?

What is BTS’s net worth? According to a 2020 Forbes report, all accolades, performances, royalties, world tours and ads earned by BTS add up to a combined net worth of USD 50 million.

Is one of BTS a girl?

Whereas other K-pop groups are entirely made up of women, BTS is made up of seven males. Three of the seven members (RM, J-Hope, and Suga) serve as the group’s rappers, delivering solo songs for BTS on occasion. The group’s vocalists are Jimin, V, Jin, and Jungkook.

What every warehouse should have?

What are the steps to build a warehouse?

How do I build a warehouse?

What is the full form of BTS 💜?

BTS stands for Bangtan Sonyeondan. It is also known as the Bangtan Boys. It is a seven-member South Korean boy band formed in 2013 in Seoul. Bangtan Sonyeondan in Korean means “bulletproof boy scouts.” Koreans call them by this name, however people in other countries refer to them as BTS.

What is the real Fullform of BTS?

By The Editors of Encyclopaedia Britannica • Last Updated: Jul 6, 2022 • Edit History. Table of Contents. BTS, in full Bangtan Sonyeondan (Korean: “Bulletproof Boy Scouts” or “Bangtan Boys”), also called Beyond the Scene, South Korean K-pop (Korean pop music) band that shot to international stardom in the late 2010s.

What does BTS mean in Snapchat?

BTS Means “The Bangtan Boys,” “Better Than Sex,” and “Be There Soon.” The most common meanings for BTS in text-based messaging and chats used to be “Better Than Sex” and “Be There Soon.” However, BTS is now more often used to refer to the Korean boy band BTS (“The Bangtan Boys”).

Who is the first BTS ARMY?

Whether you’re a baby ARMY or a fan from Day 1, BTS’ ARMY meaning has one heck of a story. As fans know, ARMY was established as BTS’ fandom name on July 9, 2013, soon after the release of the band’s first single, “2 Cool 4 Skool.” The word is an acronym for “Adorable Representative M.C.

What is a Built-To-Suit Warehouse? Types and Benefits

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“In case of a built-to-suit warehouse, the developer is assured of tenancy even before the construction and this gives him confidence and financial security.”

A built-to-suit warehouse is a type of warehouse wherein there is an agreement between the lessor (developer) and the lessee (client) and the warehouse space is customized according to the client’s requirements by the developer. The developer shares all the design and construction requirements at the outset, which when agreed upon, the actual warehouse construction commences. Customised design as per client’s needs is brought to life using resources and expertise of developers. This allows for the dynamism and flexibility that businesses require to handle contemporary logistical challenges and bottlenecks, with the advent of e-commerce logistics and booming warehousing market in India.

Built to Suit Development

Businesses have three options when it comes to expanding into a new facility: they can invest in land and then can construct on their own; lease or purchase an existing facility and make necessary renovations, or partner with a developer to design and build a new facility for lease. New developments can be speculative wherein the developer first constructs with standard features and then give it on lease.

This type of development may have tenancy issues later on. In other instance, we have a built to suit agreement wherein occupier is committed to taking the space on lease and the box is customized as per his requirements. The tenant specifies its needs to the developer, then drawing is shared by the tenant and once agreed then the construction is started. The need for built-to-suit warehousing arises as the current lot is small, dilapidated and not in sync with the technology available.

In built-to-suit warehousing, the developer is assured of tenancy even before the construction and this gives him confidence and financial security. Also, since the requirements of the tenants may vary be it the Size or Height, a BTS comes in handy in such situations. Across the warehousing industry, we are seeing a consolidation wave wherein the average space taken up has been increased substantially.

The asset is developed as per the occupier’s requirements and specifications. While implementing a build-to-suit strategy, it becomes necessary to forecast long-term growth goals and needs. In such a development, there is a pre-leased agreement with the occupier. Costs saved therein can be invested in the core area of operation. In such developments there is no requirement of development expertise and the capital required is minimum.

The Modus Operandi

Occupier prepares the specifications for the development and the investor develops the property as per the occupier’s specifications. Occupier enters into a long-term lease on the property and the investor receives rental payments from the occupier. The lead up time taken by in this process is 9-12 months.

Benefits of BTS Development

The tenant can choose his desired location keeping in mind the support infrastructure in the catchment. Using a single developer to coordinate the land acquisition, design, construction, and funding, eases off the everyday operational issues. Companies can reduce up-front costs by agreeing to lease rates at 30 to 40% of design, saving time and money, and expediting the project¹s time frame. BTS projects enable companies to better match their distribution and warehousing needs with market demands.

The Convergence Of Cutting-Edge Technologies

A smart warehouse is one where all gadgets and devices are connected to each other via the Internet (Internet of Things). There is widespread use of automation and robotics in such facilities. Amazon is known for pioneering the smart warehouse model; therefore, this concept is at times referred to as the Amazon Effect.

The Size And The Cost

The average trending size for warehouse development in metros is increasing from 1-1.5 lakh sq ft to 3-5 lakh sq ft. In non-metro markets, it is between 50,000 sq ft and 75,000 sq ft. The ease with which it allows the option of flexibility and customization as per the business needs results into value for money. Compared to other assets the turnaround time here is fast (9-12 Months). Tenants are increasingly looking for expansion options within these parks. The development cost may vary from 1500 to 2200 per sq ft depending upon the specifications.

The Way Forward

Interestingly, while on one hand there are international developers and funds who are entering the Indian markets, on the other, there are national and regional domestic players in the country who are now evaluating the market potential. Some key developers, including Allcargo Logistics, Ascendas, Embassy, ESR, IndoSpace and Logos India, are likely to command nearly 100 million sq ft of Grade-A space in the next four to five years. In this light, built-to-suit warehousing is expected to take the centre stage as companies want to focus on the core of the business and are open to outsourcing the ancillary functions. It’s a win-win situation for the incumbents involved as it removes the inefficiency and bottlenecks and helps in increasing the overall throughput.

This article has been authored by Sandeep Chadha, Founder and CEO, Warehouster Capital Advisors and a proponent of Built-to-Suit Warehousing.

What is a Built-to-Suit Warehouse

A company’s warehouse facility is one of the most important aspects of its operations, and keeping up with evolving operations poses challenges across all industries. Since built-to-suit (BTS) warehouses offer cost-efficient and state-of-the-art solutions to help improve operations, many businesses are turning to BTS warehousing as an alternative to building their own warehouses, renovating other facilities, or moving into existing warehouses.

Different forms of built-to-suit warehousing

All forms of built-to-suit warehousing seek to improve warehouse space and help companies overcome warehousing inefficiencies. When choosing a warehouse management system, it’s important to understand that different forms of BTS warehousing vary by design, cost, and lease structure.

What is the design process for built-to-suit warehouses?

The design process for BTS warehouses depends on the tenant’s industry and needs. If the tenant requires few or no custom amenities, a basic design and execution can happen rather quickly.

Because each industry and company is unique, a tenant might need additional resources in its warehouse space. The following components affect the design timeline:

Office space requirements

Specialized racking configurations

Space for packaging, processing, light assembly and kitting

Docking space for shipping and receiving

Industry-specific amenities, such as cold storage facilities or hazmat areas

Automated warehouse solutions

What are the costs of built-to-suit warehouses?

Several factors affect the cost of BTS warehouses. Design elements not only affect the timeline, but they also dictate the cost of the project. Geographic location also affects the cost; some industries are best suited for urban areas, and others find less expensive real estate in rural areas.

Another main factor affecting the cost of BTS projects is the overall size of the warehouse. You can find an average square foot/meter cost for a basic warehouse management system design, and the cost will increase depending on what additional amenities the tenant needs and what the landlord is willing to include.

What are the lease structures of built-to-suit warehouses?

BTS warehousing is often used for commercial real estate leases. In general, the landlord agrees to build the facility according to the tenant’s requirements if the tenant is willing to sign an extended lease. The lease must be mutually beneficial to both the tenant and the landlord, so designing a lease that satisfies all parties may require some negotiation.

One of the main lease structures in commercial and industrial real estate is called a “gross lease.” Here, the tenant pays a large sum, and the landlord covers the costs of insurance, utilities, and maintenance. A gross lease is beneficial for tenants who prefer a fixed cost, so they can easily budget their facility expenses.

Another lease structure that you might come across is a “net lease.” This is more traditional than a gross lease because the tenant pays rent, property tax, utilities, and maintenance. Net leases are helpful for tenants who want to keep a close eye on each operating expense and receive savings that would be passed onto the landlord in a gross lease.

Advantages of built-to-suit warehousing

Customized BTS warehouses can be lucrative for both the landlord and the tenant. The property owner benefits from guaranteed rent and can reduce utility and maintenance costs by installing state-of-the-art equipment and amenities. Many tenants prefer BTS warehousing because they are provided with a facility that is built to their specifications.

Many companies are turning to BTS solutions because they are advantageous amid the increase of e-commerce and the reliance on the supply chain. Since BTS warehousing has become such a popular option, supply chain, real estate, and warehousing decision-makers must understand what is involved in building a warehouse and how to determine whether to use a developer.

What is involved in creating a built-to-suit warehouse?

Building a BTS warehouse begins with creating a facility design and budget that appease both the landlord and the tenant. Since the warehouse will be custom designed for the lessee, you’ll have to consider components like automated warehouse equipment, office space, and an efficient warehouse management system. And because the landlord will likely still own the property once the lease ends, you should create a future-proof facility that other tenants can use without much modification.

What are the advantages of using a developer for a built-to-suit warehouse?

BTS warehouses allow tenants to rely on the expertise of the developer, who will find the perfect building for the tenant to conduct their business efficiently. Many tenants search for BTS warehousing to ease their long-term financial burden. An experienced developer who specializes in industrial real estate can find, construct, and customize the best property for the tenant at the best price.

Hiring a developer to design and build a BTS warehouse also benefits the property owners, who should be looking for developers with track records of on-time project delivery, solid construction, and strong maintenance and operations performance as landlords. Developers specialize in the best ways to construct or renovate a building—including the most current technology. They can create a state-of-the-art, and even future-proof, warehouse to earn rent for the landlords for years. Logistics park operators who build BTS warehouses already have title to the land inside their parks and have constructed or installed critical infrastructure – walls, roads, drainage, waste collection and recycling, security, power connections, water hookups, IT infrastructure, open-yard and laydown storage, vehicle maintenance and refueling areas, and more.

What makes built-to-suit warehousing a popular option?

BTS warehousing has become a popular option for many companies. Growing e-commerce businesses need significant warehouse space to accommodate their inventory—but many of these businesses don’t have the liquid capital to build a custom facility that suits their needs.

Building BTS warehousing is appealing to both national and local companies, typically larger, well capitalized businesses.

Leasing a custom-built facility helps tenants afford large warehouses, so they can improve their distribution center operations and serve more customers. The advantages BTS warehousing presents to both parties in a lease agreement make it an appealing, popular option to both tenant and landlord.

Challenges of built-to-suit warehousing

Like all business investments, investing in commercial real estate carries some risk. BTS warehousing is lucrative and beneficial for many tenants and landlords, but it does come with some challenges. Fortunately, it is possible to anticipate and overcome the obstacles you might encounter.

What are some red flags in the built-to-suit warehousing process?

One of the biggest threats to successful built-to-suit warehousing is miscommunication or misunderstanding between the landlord, or developer, and the tenant. The people doing the construction and designing the warehouse customization must understand the tenant’s industry and needs. If they’re not well-versed in topics like supply chain importance and warehouse operations, they risk building an inefficient facility.

When wouldn’t a built-to-suit warehouse be a good idea?

BTS warehousing is an excellent arrangement for many businesses, landlords, and developers; however, it’s not the best fit for everyone. Companies must consider their timelines, resources, and needs when determining whether BTS warehousing is a good idea.

When a company needs a warehouse space to house its inventory and run its operations immediately, BTS warehousing may not be the best option. Construction can take months or years, depending on the size and complexity of the project.

When warehouse managers can run operations smoothly in a less expensive building, companies might not require a customized building. This means that they likely won’t get custom amenities like an automated warehouse or state-of-the-art equipment, but they might not need these components.

Who wouldn’t be interested in a built-to-suit warehouse?

Not all types of businesses are interested in leasing a BTS warehouse. Start-up companies, small companies, or companies with little to no physical inventory are examples of businesses that might not be interested in a built-to-suit warehouse.

Because a BTS lease can be expensive and usually lasts at least ten years, start-up companies may not have the money or established credit to sign the lease.

Some small businesses do not need the space or customization of a BTS warehouse. If they’re working with an efficient warehouse management software in a facility that fits their needs and their inventory, they usually are better off in ready-built warehousing.

Even in the e-commerce and supply chain industries, not all companies keep a large on-site inventory. A small office space might suit these companies better than a BTS warehouse.

Typical timeline of built-to-suit development

Like every construction project, built-to-suit development involves a lot of moving parts. The project timeline begins with securing funding, usually through a construction loan, followed by the creation of a built-to-suit work letter, which includes decisions on location, construction materials, design, building logistics, funding, and construction timeline.

Delays are possible throughout a BTS project, but you can manage the process and each party’s expectations by identifying factors that might affect your timeline and your loan in the built-to-suit work letter, which should include not only challenges but potential solutions.

What are the components of a built-to-suit work letter?

Each BTS project includes a built-to-suit work letter. This document must be written and signed before any construction can begin because it outlines the work that the developer or landlord must complete, including:

Building location, particularly with new construction

Facility design, layout, and amenities

Construction costs

Specialized construction materials

Estimated construction timeline

The landlord, developer, and the prospective tenant must agree to the terms of the built-to-suit work letter before construction can begin. This sets appropriate expectations for all parties.

What factors can affect the timeline of built-to-suit development?

Commercial real estate development comes with surprises and challenges, and variables in each BTS project may impact the construction project timeline. The BTS work letter should include a worst-case scenario timeline and a backup plan in anticipation of potential challenges.

Before construction even begins, the developer must ensure that the geographic area is properly zoned for the tenant’s industry. Zoning change applications generally go through the local government entities, and processing can cause delays in construction.

After the zoning is confirmed, construction materials can pose another challenge. The developer must monitor any international supply chain problems that might delay in materials that can’t be locally sourced. Once the materials arrive, weather and labor availability can cause further delays.

What are the requirements for a built-to-suit warehouse construction loan?

For all commercial and personal loans, the lender needs to be assured that the loan will be fully repaid in a satisfactory amount of time. The loan must be secured before the parties sign the BTS work letter, and thus before construction begins. Although each lender’s terms vary, most lenders require some standard criteria:

Excellent credit. A bank typically won’t lend money to a business or developer with poor credit. A high credit score is the best way for the lender to rest assured that they’ll make money on the loan.

Developer credibility. If a lender has had success with a developer on previous projects and any prior loans are in good standing, it’s easier for the developer to get a new construction loan. A good relationship with the bank could also lead to a lower interest rate.

Industry stability. The lending bank will likely perform some research to ensure that the tenant’s industry is growing—or at least stable. If the tenant’s industry is on the decline, the lender will have concerns about the loan being paid by the developer, landlord, or the tenant.

Rely on the experts for your built-to-suit warehouse project

Built-to-suit warehousing can greatly improve a tenant’s overall operations. Designing a warehouse as part of a BTS lease agreement should include cost-efficient and state-of-the-art office and warehouse equipment that benefit both the tenant and the landlord. Agility specializes in helping companies throughout industrial supply chains become smarter, faster, and more efficient. Visit our website to learn about our logistics parks, e-commerce logistics, and facilities management.

BTS – a build to suit warehouse. What is it?

In most cases, there is only one answer. If there is no warehouse space suited to meet the needs of the company, the best option is to choose build-to-suit development.

– Build-to-suit properties are especially popular among entrepreneurs whose demands concerning warehouse space are specific,or production companies not willing to engage their working capital in order to be able to quit the market quickly and cheaply – says Joanna Choromańska, responsible for BTS investments in JLL.

Build-to-suit investment

Build-to-suit investment is a warehouse property build for a specific tenant.

–Thanks to the BTS system, customers are able to specify the details in line with their needs and the project can be implemented exactly according to their requirements.The tenants are free to compose warehouse space modules, so they get exactly what they expect – says Joanna Choromańska, Business Development BTS Manager, JLL.

Advantages of build-to-suit solutions

The greatest advantage of build-to-suit solutions is the free choice of location. BTS allows for freedom in respect of location. – The properties are most often developed in the location chosen by the tenant, which often means that the developer buys a new plot – explains JLL’s Joanna Choromańska.

The possibility of choosing appropriate location is a huge advantage for the tenant and often it is the key argument for choosing BTS. However, if the location preferred by the tenant is not covered by the developer’s land portfolio and is not one of the locations preferred by the developers (these are, among other things, Upper and Lower Silesia, which are popular among the developers and are characterized by a high supply of warehouse space because of their infrastructure and location), the lease term for such a construction will be at least 10 years and the surface area of the building will have to exceed 10,000 sq m.

This is because in locations where the demand for warehouse and industrial space is not high, the construction must bring profit to the developer during the tenant’s lease term. Thus, rent rates tend to be quite high in locations which are not very popular among developers.

What is more, BTS provides flexibility in terms of the size of industrial area

It is depends only on the operating needs of the customer. There is also freedom in terms of cooperation – the available options are tenancy agreement or construction in order to sell the investment to the customer.

– BTS allows for efficient management of storage space in order to take advantage of its potential, optimization of the production and storage processes and effective utilization of all the solutions installed in the warehouse – adds Joanna Choromańska, Business Development BTS Manager, JLL.

One thing we have not mentioned yet are BTS buildings intended for production – where the production company does not want to engage its capital by buying a plot and constructing a building and decides to utilize BTS in order to economize on the investment and future maintenance costs. That is because it is cheaper to maintain build-to-suit buildings with solutions that are adapted to the customers’ needs and the nature of their industry.

A disadvantage of BTS is signing an 8 to 10-year contract

Another thing worth mentioning is the time horizon of building a BTS – if the developer does not own the land intended for the investment, the period of development might be about 24 months, dependent on its size and the technical and legal status of the plot. In the case of building a BTS in an existing logistic park (where the developer has, for example, already obtained the building permit) the building can be commissioned within 6 months.

Built-to-Suit warehouses and their growing demand

For any built-to-suit warehouse, the companies must take a longer-term view and ensure meticulous planning before embarking on any investments, as one will have to live with the consequences if not planned well.

Upamanyu Borah

A built-to-suit (BTS) warehouse or property is a facility designed and constructed for dedicated users to accommodate their business. Build-to-suit properties are especially popular among entrepreneurs whose demands concerning warehouse space are specific, or production companies who are not willing to engage their working capital in order to be able to quit the market quickly and cheaply, if they need to.

In contrast to available speculative space, BTS properties are very flexible in terms of:

Location – Facilities can be developed within the developer’s land or the client’s real estate. The most advanced formula of BTS are projects executed based on the purchase of land, which is accepted by the client in terms of conducting business activity.

– Facilities can be developed within the developer’s land or the client’s real estate. The most advanced formula of BTS are projects executed based on the purchase of land, which is accepted by the client in terms of conducting business activity. Size of industrial space – Depends on the client’s operating needs;

– Depends on the client’s operating needs; Type of cooperation – The possibilities are either to lease or construct in order to sell the investment to a client;

– The possibilities are either to lease or construct in order to sell the investment to a client; Purpose of industrial facility– Warehouse-sorting plant, light production, heavy production, which takes place on the real estate that is to be the object of the investment.

Advantages of BTS solutions

The possibility of choosing appropriate location is a huge advantage for the tenant and often it is the key argument for choosing BTS.

“The greatest advantage of build-to-suit solutions is the free choice of location. BTS allows for freedom in respect of location. The properties are most often developed in the location chosen by the tenant, means that the developer buys a new plot,” says Joanna Choromańska, Senior Business Development- BTS Manager at JLL Poland.

“However, if the location preferred by the tenant is not covered by the developer’s land portfolio and is not one of the locations preferred by the developers, the lease term for such a construction will be at least 10 years and the surface area of the building will have to exceed 10,000 sq mt. This is because in locations where the demand for warehouse and industrial space is not high, the construction must bring profit to the developer during the tenant’s lease term. Thus, rent rates tend to be quite high in locations which are not very popular among developers,” Choromańska adds.

Businesses have three options when it comes to expanding into a new facility– they can invest in land and then can construct on their own, lease or purchase an existing facility and make necessary renovations, or partner with a developer to design and build a new facility for lease. “New developments can be speculative wherein the developer first constructs with standard features and then give it on lease. This type of development may have tenancy issues later on,” says Sandeep Chadha, Founder and CEO, Warehouster Capital Advisors.

However, in the case of BTS model, according to Chadha, the developer is assured of tenancy even before the construction and this gives him confidence and financial security. Also, since the requirements of the tenants may vary in terms of size or height, a BTS comes in handy in such situations. Across the warehousing industry, we are seeing a consolidation wave wherein the average space taken up has been increased substantially.

Added flexibility

Although it depends on the operating needs of the customer, BTS properties are mostly intended for production. It enables companies to better match their distribution and warehousing needs with market demands.

“BTS allows for efficient management of storage space in order to take advantage of its potential, optimisation of the production and storage processes and effective utilisation of all the solutions installed in the warehouse,” Choromańska says.

At present, businesses do not want to engage capital in buying a plot and constructing a building, and decides to utilise BTS in order to economise on the investment and future maintenance costs. That is because it is cheaper to maintain BTS properties with solutions that are adapted to the customers’ needs and the nature of their industry.

“A single developer coordinating the processes of land acquisition, design, construction as well as funding eases off the everyday operational issues. Companies can reduce up-front costs by agreeing to lease rates at 30 to 40% of design, saving time and money, and expediting the project¹s time frame,” explains Chadha.

The operating structure

The tenant prepares the specifications for the development and the investor develops the property as per the tenant’s specifications. The tenant then enters into a long-term lease on the property and the investor receives rental payments from the occupier. “The lead-up time taken in this process is 9-12 months,” Chadha says.

Another thing worth mentioning is the time horizon of building a BTS. Choromańska says, “If the developer does not own the land intended for the investment, the period of development might go up to 24 months, depending on its size and the technical and legal status of the plot. In the case of building a BTS in an existing logistics park (where the developer has, for example, already obtained the building permit) the building can be commissioned within 6 months.”

BTS and 3PLs

Increasingly, many third-party logistics (3PL) companies across the world, and now in South East Asia are embracing BTS solutions to leverage the capital, resources, and expertise of commercial real estate developers, while dictating the design, construction, and management of new facilities themselves.

Today, 3PL operators are constantly looking out for space. Not just any space but one that would feed and fuel their growth strategies both short and long term. They vary accordingly from consolidation, bidding on a new RFP, expansion, and most importantly, matching up to technological advancement and state-of-the-art facilities. Many 3PLs also seem to be targeting and keeping abreast in complying with Green Index as one of the value proposition to their clienteles.

“The need to reduce CO2 emissions means that more and more organisations would prefer green solutions to lighting and power. This will create unique needs like solar panels for power generation, further mandating a BTS warehouse model. Finally, the product confidentiality and safety controls will be the uppermost on the minds of larger MNCs, necessitating the need for a separate warehouse infrastructure and not a common pool warehouse,” says Raviraj Rodrigues, Director of Supply Chain at Alstom.

Many 3PL players today work with real estate developers with their own land and bankroll the development and construction of the new facility per its requirements. The company will lease the facility, when completed, from the developer for a pre-determined period, while assuming all operational and maintenance costs and taxes.

In so doing, the company divests itself of land acquisition and development responsibilities while allocating time, resources, and capital to growing its business through mergers and acquisitions.

The e-commerce effect

A vast majority of brick-and-mortar retailers have either gone or are about to go online. Direct product delivery to the end-consumer requires a different approach and more advanced logistics technologies compared to deliveries to large-scale stores. Amazon and Flipkart are the precursors of this trend in India, where e-commerce is growing at a rapid pace, having a huge impact on the industrial and warehouse market. This has resulted in new types of developments, including distribution centres, cross-docks and small urban warehouses for last-mile delivery.

“The large e-commerce companies saw efficiencies in managing the warehouses using technology. They came in with a clear plan for large and energy efficient warehouses, with clear height 10-12 meters at eaves. They saw this as the only way to optimise the fixed cost efficiently. Also, the fire safety requirements for such large warehouses were way higher than normal warehouses and called for Advanced Sprinkler Systems complying with NFPA13 guidelines. This has created a demand for BTS warehouses across India,” informs Rodrigues.

While there will be some standardisation for Grade A structures, Rodrigues says it will still take time before we have uniform specifications for warehouse construction.

Convergence of technologies

There is widespread use of automation and robotics in modern-day warehouse facilities. In many BTS warehouses, automated or semi-automated racking systems and robots are deployed for product storage and picking with a key motive of fulfiling individual client requirements.

These facilities are the need of the hour especially when we are living in a transformational phase of supply chains blurring the needs of retailers. It can be observed that today there is a rising interest for BTS warehouses among companies that want their facilities to be completely customised as per global specifications, including warehouses with refrigeration rooms, automation, etc.

“The extent of economic efficiencies demanded by present-day businesses coupled with increasing customer expectations on the delivery speed (mainly influenced by e-commerce), have made warehousing operations extremely important for organisations. Companies are often looking at automation to cope with these circumstances. However, most of the standard warehousing infrastructures available in the market today, across cities, do not meet some of these specific requirements. So, companies are going for BTS warehouses in selected locations, of a particular size and infrastructure to meet their business needs,” says Rajan Ekambaram, Partner at Bengaluru-based Qwixpert Consulting.

The way forward

Demand for BTS warehouses is undoubtedly on a rise, owing to the full-fledged smooth customer experience that these facilities provide. They also offer the benefit of expediting the project’s time frame, and reduce the efforts as well. As such, players are anticipating a boom in BTS projects as it complies with needs of the developers and occupiers along with the market demands.

According to JLL, built-to-suit solutions accounted for almost 40% of the warehousing absorption in India in 2019.

“We anticipate that warehouse leasing is expected to rise going forward. This will largely be fuelled by an anticipated rise in product sizes, continued demand from e-tailers, policy impetus to both sectors and higher demand from tier II cities,” says Jasmine Singh, National Head– Industrial & Logistics Services and Senior Executive Director– Advisory & Transactions Services, CBRE South Asia.

As the sector evolves, Singh believes, developers will move beyond meeting the demand and supply, and focus on understanding the occupier’s needs, thereby offering modernisation of supply chains, optimisation of delivery networks and greater synergy between retail and logistics networks. “With models such as BTS, occupiers can specify the details in line with their needs, thereby allowing developers to implement their requirements on the back of financial security,” Singh says.

“More e-commerce players wanting to own and operate their own facilities will give rise to more built-to-suit facilities, thereby taking off some “pure” leasing from the market,” Singh further adds.

Interestingly, while on one hand there are international developers and funds that are entering the Indian markets, on the other, there are national and regional domestic players in the country who are now evaluating the market potential. Some key developers, including Allcargo Logistics, Ascendas, Embassy, ESR, IndoSpace and Logos India, are likely to command nearly 100 million sq ft of Grade-A space in the next four to five years.

Chadha says, “In this light, built-to-suit warehousing is expected to take the centre stage as companies want to focus on the core of the business and are open to outsourcing the ancillary functions. It’s a win-win situation for the incumbents involved as it removes the inefficiency and bottlenecks and helps in increasing the overall throughput.”

Meanwhile, Ekambaram says, although there is not any massive requirement for BTS warehouses in India, there is undoubtedly an uptick, and it is bound to increase as the sector and the overall economy improves.

What are warehouses made of?

What is a warehouse made of?

Warehouses are structures designed to store products and goods before, during, and after transportation. Typically, they are very large structures which are made in a simplistic yet effective design. Most warehouses are found on industrial estates, where they offer convenience for customers and companies to drop off and pick up their goods. But what exactly are warehouses made of?

MORE on WAREHOUSES – EVERYTHING YOU NEED TO KNOW ABOUT THEM!

Metal

The main structure of a warehouse is typically made from steel. The steel is in the form of interlocking poles and pipes, which are then welded together to create a tall yet durable frame for the cladding and roof to be affixed to. Other metals, such as Iron and aluminium are also commonly used during the construction of a warehouse. As the frame needs to withstand heavy loads and external weather factors, such as strong winds and freezing temperatures, steel is typically the go-to choice.

Fibreglass

Fibreglass is most often used to build the roof of the warehouse. It is a lightweight material, which is also resistant to many harsh weather conditions and can allow natural light to enter the structure from above. Fibreglass is also cheap and easy to replace should it become damaged. Most warehouses use this material for the roof and certain walls where light may be required.

Wood

Wood is most commonly used to help form the floor and internal walls of a warehouse. It is rare to find a structure with wooden walls and roofing as it is heavy, expensive, and can be worn away by weather over the years. It is, however, durable and often used for building internal walls, shelves, and storage areas.

Plastic

Corrugated plastic is the most commonly used material when building a warehouse. Its main benefits are that it is cheap and readily available, lightweight, durable, and very easy to replace or maintain. Plastic will typically form the walls and at times the roof of the warehouse. It is also used as a form of cladding, which is placed on the external walls for a more decorative appearance.

While the above are just a small selection of materials a warehouse is built of, they are the four most commonly found ones. Other materials, such as rubber, PVC, glass, and stone are also used in the construction of a warehouse. However, the quantities used are minimal compared to the main four, thus they have not made the main part of what a warehouse is made from.

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All you need to know about BTS – Built to suit warehouse property

All you need to know about BTS – Built to Suit warehouse (BTS)

Let’s start with, what is BTS – Built to suit property?

In simple terms, BTS – Built to suit property is a property that is built to the demands and specifications of an end-user (who could be a tenant/ buyer/ occupier) by an investor in real estate who may or may not be the owner of the land.

The essence revolves around the consideration that the end-user will either take on lease/ rental or buy out the property once it is completed and delivered.

BTS – Built to suit properties is the lowest risk possible property investment and is very rare in the market. The owner/ investor saves the risk of interest, wrong development, loss of rentals due to vacancy and several other benefits. rentals start from day 1 which is an ideal scenario for a real estate investor

Who is the right end-user for a BTS – Built to suit warehouse property?

This is the crux of BTS – Built to suit warehouse property – finding the right end-user is the main challenge in BTS – Built to suit warehouse?. There are simple rules for the same:

The location of the land should suit the end-user targeted

The development should be adequate to the needs of the end-user

The infrastructure should be perfect to the requirement of the end-user

The finances should be placed to complete and deliver the project

The end-user should sign an agreement and show their genuine interest and intent by placing a financial commitment on the table

How to get the right end-user for a BTS – Built to suit property?

This is a million-dollar question. The use of the right property consultant to guide you through this in the simplest and easiest way to find the right client.

There is no use in re-inventing the wheel and wasting time searching for a client. They already have their consultants who assist them in this process. All Warehouses is a property consultant of repute who provides such services in Chennai and India.

What are the fears of the end-user for a BTS – Built to suit warehouse property and how to overcome the same?

The end-user has a lot at stake if the property is not delivered in time or to the agreed specification. They could lose millions of dollars for minor variations on the agreed terms and timelines.

To overcome this, it is important that the owner/ investor does the following:

keep the property title certified by top lawyers/ advocates with a good opinion

keep the property compounded and filled to an optimum level

ensure that minimal plan sanctions are in place to prove that there are no development restrictions and statutory requirements can be met

have proof of funds to show the end-user that the project will not be delayed or corners will not be cut for financial reasons

show a good background personally and professionally as end-users will be comfortable dealing with persons of repute

How do I arrange to fund once the property is tied up?

There will always be a minimal amount of funding required for the project to be executed and the same needs to be available as liquid funds – about 15 to 25% of the construction cost to enable approvals, sanctions, site pre-development expenses and foundation.

Once the LoI or lease agreement is signed with a tenant with a lock-in and a received security advance, financial institutions and the bank will be comfortable to fund the balance money needed to cover the complete expenses. The land will be needed to be offered as security towards such loans and advances.

How do I get the right architect, approval agency (liaison agency), advocate, specification, client, contractor and consultant to ensure that everything goes as per plan.

The timelines and specifications should be met to ensure that nothing goes wrong!

All Warehouses can arrange all of the above for you. Every process has a flow, which some are sequential, some can be done concurrently to save time. A timeline plan is made, the consultants are appointed, every specification and detail is finalized well in advance to ensure no surprises and roadblocks.

Hiring All Warehouses may cost you a small fee for all of the above but saves you the risk of time, financial and reputation losses.

Industrial & Warehouse / Development of Build-To-Suit Warehouses

The rapid growth of e-commerce is changing the way warehouses are being built. In many BTS buildings, automated or semi-automated racking systems and robots are deployed for product storage and picking, says Krzysztof Czekalski, Technical Director in the Industrial & Warehouse Department at Cresa.

BTS projects are rising in popularity. Are they a viable option for retailers too?

Yes, subject to certain conditions. Warehouses need to meet ever-stricter technical standards required by retailers. If no suitable space is found on the market, some retailers will consider development of a tailor-made facility meeting their needs in terms of location, technical specification and a delivery timeframe. These will include food retailers – for them, deep-freezing, cooling and maintaining stable temperatures are key to business operations. Adaptation of an existing building to such requirements could be costly with the end result sometimes failing to meet all expectations. That’s why some food retailers opt for construction of specially-designed warehouses featuring technological solutions they require. Examples include Kaufland and Carrefour, who had BTS schemes developed by Panattoni in Bydgoszcz.

Could an unusual location also be a reason for developing a BTS warehouse?

Absolutely yes. It’s often the main reason. For instance, a retailer may need a warehouse servicing stores in a specific area (centre of gravity) that lacks modern warehouse space or where developers have no lands. That’s what happened in Bolesławiec, where a developer bought land, obtained all the required administrative decisions and built a BTS warehouse for H&M’s e-commerce operations.

BTS schemes are also developed in unusual locations due to a tight labour market with a limited pool of skilled workforce and high labour costs. That’s why firms thinking of hiring many staff look for locations offering recruitment opportunities and relatively low labour costs.

Do developers delivering BTS warehouses construct schemes taking account of tenants’ requirements and locational preferences?

Yes. They usually deliver single buildings, but some BTS projects are also developed in warehouse parks where schemes are constructed on an existing piece of land to meet non-standard requirements.

What is the effect of e-commerce growth on warehouse building?

A vast majority of brick-and-mortar retailers have either gone or are about to go online. Direct product delivery to the end-consumer requires a different approach and more advanced logistics technologies compared to deliveries to large-scale stores.

Amazon and Zalando are the precursors of this trend in Poland, where e-commerce is growing at a rapid pace, having a huge impact on the industrial and warehouse market. This has resulted in new types of developments, including distribution centres, cross-docks and small urban warehouses for last mile delivery.

What do online retailers actually need?

Amazon, for example, needs mainly taller buildings, higher than the standard ten metres of net height. Its warehouses feature high-tech solutions, including automated or semi-automated racking systems and robots for product storing and picking. Amazon’s biggest warehouses employ approximately 1,000 people who are also provided large welfare facilities including locker rooms and showers in addition to office space. Another unusual requirement is a large parking area of approximately 100,000 sq m for passenger cars and buses. Amazon now operates five high-tech logistics centres in Poland: in Poznań, Szczecin, Sosnowiec, and two in Wrocław. Similar-type requirements are reported by Zalando, whose new Gryfino warehouse developed by Goodman varies in height, measuring up to 16 metres in some places. Zalando is also having a large distribution centre developed near Łódź and for Zalando Lounge in Olsztynek.

How much more expensive is it to lease a BTS warehouse? What’s the minimum lease term?

Many factors have an impact on rent differentials. The more non-standard and non-modifiable features in a building, the greater the risk of re-leasing problems. It’s the same with location – a warehouse in core warehouse locations will be re-leased more quickly than schemes in less accessible areas.

That’s why tenants going for BTS schemes in less popular locations have to make long-term commitments of between 10 and 15 years, sometimes for up to 20 years. In core locations, leases could be shorter, for 7-10 years, provided that a building meets standard technical specifications such as typical column height and spacing. If a tenant intends to operate in a warehouse for three to five years, they will certainly have to consider the option of adapting existing buildings to their own needs.

Are there tenants going for upwards of 20 years?

Yes, this is a growing trend, but they focus on build-to-own warehouses (BTO), especially when they invest heavily in technologically advanced solutions or a building is of strategic business importance. What’s more, this trend is likely to intensify following amendments to tax and accounting regulations (IFRS 16) that are anticipated to take effect in January 2019 as construction of a BTO facility could outweigh the benefits of a long-term lease.

Why has Cresa introduced BTS and BTO project development advisory services?

There’s a growing number of tenants opting for BTS or BTO projects to take operational efficiency to higher levels. As technology advances, tenants looking to construct modern warehouse facilities require detailed information on all aspects of project development. This is where a technical specialist steps in to carry out a feasibility, identify strengths and weaknesses of a development project, supervise all procedures of obtaining administrative permits, analyse direct and indirect development costs and finally select an appropriate general contractor or developer. The key to a successful project lies in the full understanding of all technical risks, including commercial terms of proposed options, and comprehensive process management.

Krzysztof Czekalski has nearly 20 years’ experience on the commercial real estate market and is a Technical Director in the Industrial & Warehouse Department in the Polish office of global tenant-only real estate firm Cresa. He gained professional experience in Poland, Ireland and the United Kingdom. Prior to joining Cresa, he was a BTS Project Management Director at Panattoni Europe, delivering projects for such clients as Pilkington Automotive, Kellogg (Kutno), Ideal Automotive, Thule, Bombardier and Polaris. He graduated in Civil Engineering from the Warsaw University of Technology, and completed post-graduate studies in Real Estate Management and Construction Management.

Build to Suit Factory

Build to Suit Factory

“The only property under 5,000 sqm on Industrial Real Estate market for manufacturers to own”

Dear Valued Customer,

Thank you for your interesting in Long Hau Industrial Park. We would like to send to information our Built to Suite Factory or Warehouse project.

SCALE & LOCATION

Our Built to Suite Factory or Warehouse (BTS) project is located on Long Hau phase 3

Total area for BTS is about 9 ha that devided into 21 plots (each of plot 4.250 sqm)

Please see the master plan BTS below:

Details the land plot 4.250sqm (50mW x 85mL)

QUOTATION FOR LEASING LAND:

No. Description Price Note 1 Land lot 3A – 4.250 sqm 240 usd / m2 (until 06/2066) The rent includes one-time land use tax

VAT not excluded 2 Infrastructure maintenance fee 0,039 usd / m2 / tháng

Notes: the prices include the following conditions:

Current elevation : + 1,80m ( National Elevation System of Hon Dau)

Land Coefficient: 85% (k ≥ 0.85)

The other infrastructure facilities are available: Electricity, Clean Water Supply, Waste Water Treatment system and Telecommunication

PAYMENT METHOD:

Stage Time of payment Payment 1st The Land reservation Agreement 10% 2nd Leasing land contract (45 days after stage 1) 40% 3rd After stage 2: 30 days 40% 4th Within 10 working days after the Lessor has notified the Lessee to supplement the application for obtaining the certificate of land use right 10%

PRICE FOR RELATED SERVICES:

No. Description Unit Price (VND) Note 1 Clean water VND/m3 9,020 not include %VAT 2 Waste-water Treatment fee VND/m3 7,150 not include %VAT

How to count:

Based on 80% of clean water supply meter and based on quarterly monitoring result. 3 Electricity VND/ Kwh From EVN of Can Giuoc Dist., Long An Province.

QUOTATION BTS FACTORY

The price for purchasing BTS factory/ warehouse depends on Investors/ client ‘s Requirement.

LHC will build factory/ warehouse according to your requirements. The Factory Purchase contract will be followed. LHC is your main contractor

Price and payment: after LHC & Customer agree on final design, price and payment term will be quoted.

THE PROCESS OF COORDINATION BETWEEN THE INVESTOR AND LHC

Steps Contents Time In charge of Note 1 Complete BTS Questionaire Form 1 week Investor The form will be sent by email from LHC 2 Meetings to discuss about the layout, design and any further requests regarding factory specs 2 weeks Investor & LHC To clarify Investor’s requirements 3 Quotation of BTS’s land & construction cost 2 weeks LHC Quotation confirmed, proceed step 4 4 Sign Land Reservation Agreement

Sign Agreement Of Deposit For Factory Purchasing A week Investor & LHC Sign the agreements at the same time 5 Make Deposit 7 days after signing Investor 10% for land and 15% for Factory Purchasing 6 Meetings to unify details of factory designs 2 weeks Investor & LHC 2 or 3 meetings required for finalization. 7 Start construction Within 6 months LHC & Constructor Expected Hand-over date after 6 months 8 NSubmit Legal dossiers to get project start operating. Investment Registration certificate Business license 45 days Investor & LHC Free of charge.

The application start right after the Agreement signed. 9 Hand-over Land and and Factory Right Use Certificate 90 days after complete the payment LHC

Some project BTS that LHC has completed:

Investor: UNIFOOD

Country: Vietnam – Malaysia Joint Venture

Industry: Warehouse and Cold Storage

Lot area: 2535 m2

Construction workshop area: 1,800 m2

Project period: within 6 months (from the date of signing the agreement reservation land and factory sale)

Investor: MD Japan

Country: Japan

Industry: plastic box for food industry

Lot area: 5000 m2

Construction workshop area: 3000 m2

Project period: within 6 months (from the date of signing the agreement reservation land and factory sale)

Contact to:

LONG HAU CORPORATION

Address: Hamlet 3, Long Hau Ward, Can Giuoc District, Long An Province

Hotline: 0906 938 599 – (028) 3937 5599

Email: [email protected]

Built To Suit Warehouse Service

Warehousing Space Team Provides Its Client Built to Suit Warehouse, Industrial Land for rent, Commercial Properties Facilities according To Clients’ Specific Requirements at Different Locations in The States of Punjab, Haryana, J&K and Himachal.

AVAILABILITY OF CLEAR LAND PARCEL AT A STRATEGIC LOCATION+PROFESSIONAL DEVELOPMENT TEAM+FINANCIAL STRENGTHare the mandatory ingredients for constructing a BUILT TO SUIT warehouse facility.

At Warehousing Space we have a perfect blend of professional contractor team with proven expertise in constructing warehouses which helps in Executing and delivering the Project and a Wide Network Of Land Owners With Strong Financial Capabilities And Having Land Holding At Different Strategic Locations Thereby Removing The Risk Of Acquiring Land.

Construction Of Built To Suit Facility Comprises Of Following Steps In Order To Meet The Specific Requirements Of Each Customer.

키워드에 대한 정보 build to suit warehouse

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