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Goodman Interlink officially opens with near full occupancy

Thursday, 8 March 2012

Goodman Group (“Goodman” or “Group”), the integrated property group which owns, develops and manages industrial space, has held an official opening ceremony for Goodman Interlink, a landmark warehouse and distribution development in Hong Kong’s strategically important Tsing Yi port district.

Key features of Goodman Interlink:

+ Valued at circa HK$5 billion

+ Lettable floor area of more than 2.4 million sq ft (224,000 sqm) over 24 levels, making it Hong Kong’s fourth-largest warehouse and the biggest new warehouse project in Hong Kong in nearly a decade

+ Approximately 99% of the total gross floor area has been leased, with new leases signed with Nippon Express and Net-a-Porter

+ The only warehouse and distribution development in Hong Kong to be awarded a Gold Standard pre-certification from the HK BEAM (Hong Kong Building Environmental Assessment Method) and a certification from LEED (Hong Kong Building Environmental Assessment Method)

+ Located in the heart of Tsing Yi and immediately adjacent to Container Terminal 9 and Stonecutter’s Bridge, Goodman Interlink is strategically close to Hong Kong’s container ports, the International Airport and major highways to mainland China

Mr Greg Goodman, Group Chief Executive Officer of Goodman said, “We are extremely proud to have completed this landmark development on time and within budget while setting a new benchmark for the industrial property market in Hong Kong. The fact that Goodman Interlink is now almost fully leased to a range of well-known multinationals and 3PLs is testament to the exceptional quality of the building, its strategic location and our global reputation as property developers and managers, while highlighting the lack of high quality facilities such as this in Hong Kong.

“The stable economy in Hong Kong, boosted by strong retail sales and domestic consumption, has resulted in significant demand for warehousing space, which has outstripped supply. We are committed to delivering outstanding quality developments on behalf of our customers and investors, and maintaining our reputation as a leading provider of prime industrial space.”

Approximately 99% of the lettable space at Goodman Interlink has been leased to major international and local companies, including the two anchor customers, DHL Supply Chain (Hong Kong) Limited and Yusen Logistics (Hong Kong) Limited. Other customers include, BEL International Logistics Limited, a well-known luxury fashion and accessories retailer and a leading pharmaceutical and healthcare distributor. Most recently, global logistics provider, Nippon Express and Net-a-Porter, an online luxury fashion retailer, have leased space at Goodman Interlink.

Goodman Interlink is built in compliance with both the HK BEAM (Hong Kong Building Environments Assessment Method) and LEED (Leadership in Energy and Environmental Design) environmental assessment method. It is the only warehouse and distribution development in Hong Kong to be awarded a Gold standard pre- certification rating from HK BEAM and a certification from LEED.

Mr Tom Wong, Managing Director, DHL Supply Chain, Hong Kong and Macau said, “As an anchor tenant and one of the first to pre-lease space, DHL is extremely pleased with Goodman Interlink’s on-time completion and its unique green concept which is in line with our group’s GoGreen initiative. We see Hong Kong as a major hub for our business in the Greater China region and the opening of the DHL Supply Chain MegaHub in Goodman Interlink will enable us to improve operational efficiency, consolidate our resources and therefore allow us to enhance our service to our customers.”

“We are pleased to move into a building of such high quality and with efficient warehousing space in a very strategic location. We work with Goodman in a number of markets globally, including Japan, Australia, China and continental Europe, and are delighted with their ability to meet our needs in all those markets.” Mr Nakajima Noria, General Manager of Nippon Express concluded.

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For further information, please contact:

Mathew Werner
Group Corporate Communications Manager
Tel + 612 9230 7159

About Goodman

Goodman Group is an integrated property group with operations throughout Australia, New Zealand, Asia, Europe and the United Kingdom. Goodman Group, comprised of the stapled entities Goodman Limited and Goodman Industrial Trust, 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.

In Hong Kong, Goodman is the manager and a cornerstone investor in the unlisted property fund, Goodman Hong Kong Logistics Fund (GHKLF or Fund). Since the Fund's launch in April 2006, its portfolio has grown from seven properties to 13 stabilised properties currently, and one completed development project (Goodman Interlink), offering 9.8 million sq ft of lettable space with a total value of approximately HK$14.2 billion. Today, the Fund is one of the largest owners of warehouse and distribution properties in Hong Kong.

Goodman Interlink is a development jointly owned by GHKLF and Canada Pension Plan Investment Board (CPPIB). CPPIB bought a 50% interest in Goodman Interlink from Goodman for HK$2.26 billion in June 2011.

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