SINGAPORE - Singapore Post (SingPost) is investing $182 million to develop an eCommerce Logistics Hub.
The company said on Tuesday that the hub in Tampines LogisPark will comprise a three-storey integrated centre with fully automated parcel sorting facility.
The hub will also house two warehousing floors, 150 loading bays and will comprise an adjoining eight-storey office block to house SingPost's local and regional operations.
The facility, touted by the firm to be the first of its kind in Southeast Asia, will be able to handle up to 100,000 parcels per day.
The firm is leasing a 3.25-hectare plot of land from JTC Corporation for 30 years.
Construction of the hub is expected to be completed by January 2016 and be fully operational in the second half of 2016.
SingPost will fund the development internally from its cash holdings.
Said its chief executive Wolfgang Baier in a statement: "This hub is also an integral part of SingPost group's strategy as we expand our ecommerce logistics business and capitalise on the fast-growing ecommerce market here in Singapore and the region."