Goodman Group (Goodman or the Group), a leading global integrated industrial property group has officially opened Goodman Huiyang Industrial Park, its latest state-of-the-art facility in Guangdong Province, Southern China. The opening of this facility punctuates a successful year for Goodman in China where it has leased one million sqm of space in the last 12 months alone, in addition to completing the construction of several new development projects across multiple cities in China.

Key highlights

Leased one million sqm of high specification logistics space during the past 12 months with the occupancy of Goodman’s China portfolio increasing to over 98%
Completed numerous new warehouse developments over the last 12 months in key gateway cities including Greater Shanghai, Greater Beijing, Chongqing and Greater Shenzhen, increasing Goodman’s total managed portfolio in China to over US$1.8 billion comprising in excess of 2.4 million sqm of high quality, modern logistics space
Continued growth of Goodman’s China platform supported by a diversified and high quality customer base across a range of sectors and industries including automotive, e-commerce, retail, manufacturing, pharmaceutical and third party logistics
Significant development work in progress, land bank and pipeline of new opportunities to grow the portfolio to well over 5 million sqm in the medium term. This includes the final stage of Goodman Huiyang Industrial Park, which together with Stage 1 and Stage 2, provides 322,700 sqm of high quality industrial space located only 20km from Shenzhen.

Goodman Huiyang Industrial Park

Goodman has officially opened Stage 2 of Goodman Huiyang Industrial Park, a modern state-of-the-art logistics and distribution facility that now comprises over 150,000 sqm of high quality space. Located inside the Huiyang Economic Zone, and only 8 km from Huiyang and 20 km from Shenzhen, Goodman Huiyang Industrial Park is an ideal location from which to operate regional logistics and distribution services. The project is fully leased to top tier customers including JD.com, Sealy, Rokin and Century Distribution Systems on behalf of Zulily.com. It enjoys excellent links to key consumer markets throughout the Pearl River Delta region via the nearby Huida Expressway.

Tony Tao, Goodman’s General Manager for South and West China, said, “The opening of Stage 2 of Goodman Huiyang Industrial Park reflects our strategic focus to deliver high quality properties to our customers in China’s major consumption markets. Guangdong Province is the most populous province in China and is highly urbanised. Goodman Huiyang Industrial Park is an ideal location for our customers to provide high quality service to consumers with short lead times. We are also particularly grateful for the strategic support provided by the local Huiyang Government to make this project a success.”

Mr. Bill Chen, General Manager of South China at Sealy said, “Goodman Huiyang Industrial Park’s location offers easy access to the huge consumption market in Shenzhen and Eastern Guangdong. The phased industrial park provides us with flexibility to expand our distribution network to deliver on our long-term plan in Southern China. The excellent design and quality of the property has ensured our effective and smooth operations.”

With the strong customer take up of the earlier phases, Stage 3 of this project, consisting of 170,000 sqm is soon to commence construction with strong pre-commitment enquiry from multiple customers.

Customer focused

During the past year, Goodman has leased one million sqm of space to multiple customers across China. The key to Goodman’s leasing success is the quality and integrity of its people and the long-term relationships we build with our customers. With our specialist knowledge of the Chinese industrial property market, we tailor our developments to support our customers’ business objectives and expansion needs.

Chen Han, Director of BD & Project Geek+ commented, “as a growing intelligent warehousing business, we had very specific tenancy requirements for well-located, affordable high quality logistics space. Having a tailored and flexible space is key to us being able to meet our increasing business volume. We really appreciated the level of flexibility Goodman Group was able to provide and the depth of understanding they had about our business needs.”

Continued growth

Kristoffer Harvey, Chief Executive Officer of Goodman Greater China said, “E-commerce continues to be a major driver of growth for our business in China. Globally e-commerce is expected to grow by more than 60% by 2020 with the recent 11/11 sales event in China setting several new records. We are continuing to see increasing demand from our customers for modern logistics space particularly in the major consumer markets in and around China’s major gateway cities including Shanghai, Shenzhen, Guangzhou, Beijing, Chengdu and Chongqing where we are actively investing. Our portfolio occupancy rate in China of over 98% reflects the success of our customer-led development strategy in these strategic locations.”

Goodman continues to build on its existing 2.4 million sqm portfolio of completed properties across China, with 0.7 million sqm of new space currently under construction. In addition, Goodman’s secured land bank provides the opportunity to almost double the size of its portfolio.

Additionally, several new land acquisition opportunities are currently under review and negotiation in strategic locations in gateway cities which would further increase Goodman’s portfolio to well over 5 million sqm of modern, high quality, modern logistics space in China in the medium term.

About Goodman

Goodman Group is an integrated property group with operations throughout Australia, New Zealand, Asia, Europe, the United Kingdom and the Americas. 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 investment 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 sustainable long-term returns for its Partners. For more information please visit www.goodman.com

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