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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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What is a Built-To-Suit Warehouse? Types and Benefits
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What is a Built-to-Suit Warehouse | Agility
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you need to know about BTS – Built to suit warehouse property
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Built-to-Suit warehouses and their growing demand
A built-to-suit (BTS) warehouse or property is a facility designed and constructed for dedicated users to accommodate their business. Build-to- …
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Built-to-Suit Warehouses and Factories for Rent in Thailand
The ‘built-to-suit’ concept in WHA warehouse and factory is the strategy which WHA Logistics has adopted for clients seeking a custom warehouse or factory …
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BTS – a build to suit warehouse. What is it?
Build-to-suit investment is a warehouse property build for a specific tenant. –Thanks to the BTS system, customers are able to specify the …
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Built-to-suit Facilities – property for lease – BW Industrial
… offices, facilities, logistics warehouses. Therefore, when investing in Vietnam manufacturing field, BW also focuses on built-to-suit factory for rent.
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Built To Suit Warehouse Service – IndiaMART
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주제에 대한 기사 평가 built to suit warehouse
- 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 built suit warehouse?
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.
What is BTS in warehousing?
A built-to-suit (BTS) warehouse or property is a facility designed and constructed for dedicated users to accommodate their business.
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.
What are the walls of warehouses made of?
The exterior walls are constructed of precast panels and the roof framing consists of long span joists supported by joist girders and wide flange columns. The lateral load resisting system consists precast concrete shearwalls and steel frames with flexible moment connections.
What is BTS building?
A structure that opened on March 30, 2021, the new HYBE building is the mark of BigHit Entertainment’s (now known as HYBE, an entertainment lifestyle platform company) transition into a future that includes a new space for BTS and their fellow BigHit artists.
What does for sale BTS mean?
Built-to-suit is a way of leasing commercial property whereas the developer/owner has constructed a building to the specifications of a particular tenant or type of tenant.
What is a build to suit data center?
A build to suit lease is a structure that allows the customer to design and customize a data center facility to meet specific or unique location or design needs without a large initial capital expenditure that comes with building and owning a data center.
What is build Suit accounting?
A build-to-suit lease is a contractual arrangement that requires the developer to construct an asset based on the lessee’s specifications that the lessee will lease when construction is complete. The developer finances the construction, retains ownership, and then leases the asset to the lessee at completion.
How do you design a warehouse layout?
- Space Out the Loading and Unloading Area. The loading and unloading areas of a warehouse are either built into the building or are entirely separated from it. …
- Separate the Reception Area. …
- Organize the Storage Area. …
- Create a Separate Picking Area. …
- Adjust the Shipping and Packing Area.
What are the 5 types of construction?
- Type I Construction: Fire Resistive.
- Type II Construction: Non-Combustible.
- Type III Construction: Ordinary.
- Type IV Construction: Heavy Timber.
- Type V Construction: Wood-Frame.
- What tactics should ladder crews apply to the different types of construction?
What are the 4 types of construction?
The four key types of construction include residential, commercial, industrial, and infrastructure, which covers nearly every construction project.
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? Types and Benefits
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Reading Time: 3 minutes
“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.
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.
Know more about what is Built-To- Suit Properties
Many of us have seen “Built-To- Suit” written in many of the under-construction properties but most of us do not know what that actually means. So today, in this article I will try to cover the basics of “Built-To-Suit” properties.
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.
What are the features to determine the cost of a build to suit?
There are a number of features that determine the specific costs of a build to suit the project. They may include:
Location
Size
Type of Building
The credit of the Tenant
Length of Lease
Municipal Requirements
Specific Improvements
Current State of Market
Normally, the specific design requirements of the tenant will play a significant role in establishing the cost of the project.
What is the lease structure of a build to suit property?
Most build to suit properties tend to be net leases, where the tenant is in charge of the operating and management costs of the property.
The lease period is usually for the long term because build to suit properties are designed based on the specifications of a particular tenant. In many cases, they are at least 10 years in order to provide the landlord with a reasonable return on investment.
Leasing for a long period of time, generally allows the developer to attain more favourable financing, converting into a reduction in the rental rate.
Advantages of Build-to-suit development:
The tenant has the opportunity to share their ideas and goals into the design of the building for Build-to-suit development.
Tenants are allowed to choose their preferred location rather than having to wait for the properties to become available.
Typically build-to-suit developments are equipped with the latest technology and the most energy efficient construction materials, reducing the operating costs for the tenant.
Typically, Build-to-suit properties have space that can be let out to other tenants or held in reserve for future developments.
Build-to-suit development rent is fully tax deductible over the full term of the lease.
Disadvantages of Build-to-suit development:
Build-to-suit properties can take quite a lot of time to finish.
Normally, Build-to-suit properties require a long-term guarantee. Most contracts are at least for a 10-year lease.
Build-to-suit properties are more expensive, they require outstanding credit to gain funding.
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.
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.
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.
Built to Suit
Built-to-Suit Warehouses and Factories for Rent in Thailand
General information
The ‘built-to-suit’ concept in WHA warehouse and factory is the strategy which WHA Logistics has adopted for clients seeking a custom warehouse or factory to lease since the establishment of the WHA Group in 2003. This concept is the foundation of WHA Logistics’ quality and reputation to the industry in Thailand.
Through our expertise and experience in developing industrial properties for two decades, WHA Logistics provides clients with the logistics facilities for lease that match requirements in terms of location, design that fully accommodates operations, and also expansion of clients’ businesses through our premium and world-class quality, applied latest innovation, and on-time delivery that enables clients to achieve the highest level of operational efficiency and effectiveness.
Our warehouses and factories for rent are in prime locations for business across Thailand, including Bangna, Rayong, Ladkrabang, and Chonburi. With the extensive expertise we provide for clients, WHA Logistics has become the trusted partner for the increasing numbers of globally-recognized companies across different industries around the globe, leading to strategic partnerships in expanding their business worldwide.
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 > BW
BW understands that in Vietnam manufacturing field, depending on various industries, there are different requirements of infrastructure, offices, facilities, logistics warehouses. Therefore, when investing in Vietnam manufacturing field, BW also focuses on built-to-suit factory for rent. This is a modern factory model, developing in Vietnam based on the design and diverse requirements of the business.
We provide customized factory for rent in Vietnam to suit investors’ various business models, timing and costs. The process from design to handover of specifically-designed factories involves considered planning, carefully chosen materials and high-quality construction, ensuring the perfect balance between function and design.
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.
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