Goodman Group (Goodman or Group) is pleased to announce that it has recently signed agreements for approximately 95,000 sqm of leasing and development transactions in China, highlighting the continued strong growth of its business in that market.
+ 54,880 sqm leased to Zhejiang Cainiao Networks (Cainiao) at Goodman Suzhou West Logistics Centre, with the new space to become an East China Regional Distribution Centre for e-retailer, Tmall.com (Alibaba Group)
+ 17,772 sqm leased to third party logistics provider, Shanghai Rokin Logistics Co. (Rokin) at Goodman Pudong International Airport Logistics Park
+ 22,200 sqm pre-committed warehouse development on behalf of Best Logistics, one of China’s largest, leading integrated logistics and supply chain management service providers, at Goodman Chongqing Airport Logistics Park
Philip Pearce, Goodman’s Managing Director, Greater China said, “We are very pleased to welcome these three new customers to our portfolio. The recent leasing and development success demonstrates the high quality of Goodman’s product and service offering, and world- class expertise in meeting the unique requirements of e-retailing and logistics customers.”
The new lease at Goodman Suzhou West Logistics Centre will enable Cainiao to expand its core business, which is to facilitate the logistics network of Tmall.com, its largest shareholder. Tmall.com is part of Alibaba Group and is a leading Chinese-language website for business to consumer (B2C) online retailers.
“We continue to see strong demand for e-fulfilment in China, in line with the exceptional growth of the e-retailing sector. As a leading provider of high quality logistics space to e-retailers globally, this sector is one of Goodman’s largest customer groups, allowing us to draw on our considerable experience and proven capability for the benefit of Chinese e-retailing customers.”
Third party logistics provider, Rokin has leased 17,772 sqm across four contiguous units at Goodman’s China flagship development, Goodman Pudong International Airport Logistics Park, and will be used as a regional distribution centre to fulfil a customer contract. Rokin’s new space is situated in Phase 2 of the Goodman Pudong International Airport Logistics Park development, which completed in November 2013. Phase 1 of the development was completed in August
2012 and is currently occupied by customers including, Kuehne + Nagel, Ferrari and
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Richemont. When fully built out in the second half of 2015, Goodman Pudong International Airport Logistics Park will comprise a total of 196,000 sqm of prime two-storey ramp-up warehouse facilities, with an end value in excess of US$170 million.
Goodman has signed a pre-lease agreement with Best Logistics for the development of a 22,200 sqm built-to-suit warehouse and multi-purpose facility at Goodman Chongqing Airport Logistics Park, to facilitate the ongoing expansion of its business. This is the second development to be announced at Goodman Chongqing Airport Logistics Park, following the announcement in January 2014 that Yunda Express, one of China’s largest privately-owned express delivery companies, has signed an agreement with Goodman for a 46,700 sqm built-to-suit regional distribution centre.
In addition to its projects in Chongqing, Goodman currently has approximately 570,000 sqm of developments underway in key cities including Shanghai, Tianjin, Chengdu, Langfang, Changzhou, Hefei and Nanjing.
“Goodman is focused on the ongoing expansion of its China business and we are well positioned to meet the growing demand for prime logistics space in this market, where the shortage of supply is being driven by the scarcity of available industrial land. We have extensive resources, access to capital and a land bank in excess of 4 million sqm, providing significant capability to meet the current and future needs of our customers.” Mr Pearce concluded.
- Ends - For further information, please contact Goodman:
Group Corporate Communications Manager
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Goodman Group is an integrated property group with operations throughout Australia, New Zealand, Asia, Europe, the United Kingdom, North America and Brazil. Goodman Group, comprised of the stapled entities Goodman Limited, Goodman Industrial Trust and Goodman Logistics (HK) Limited, is the largest industrial property group listed on the Australian Securities Exchange and one of the largest listed specialist fund managers of industrial property and business space globally.
Goodman’s global property expertise, integrated own+develop+manage customer service offering and significant fund management platform ensures it creates innovative property solutions that meet the individual requirements of its customers, while seeking to deliver long- term returns for investors.
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