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Goodman leases 42,000 sqm at its Landport Logistics Estate development in Tianjin, China

Thursday, 3 July 2014

Goodman Group (Goodman or Group), the global integrated property group which owns, develops and manages industrial space, is pleased to announce that it has signed leases with two customers at its new Goodman Landport Logistics Estate development in the Beichen District of Tianjin, China and has commenced construction of phase two of the development.

The leasing transactions are comprised of:

+ A 23,000 sqm lease to Leyou (China) Chain Store Co., Ltd, a leading multi-channel retailer of baby and maternity products. Leyou has grown strongly in recent years, opening a number of retail stores in Eastern and Western China. To date it has established 60 retail stores in Tianjin, one of its fastest growing markets, and will service these stores from its new warehouse space. Leyou has committed to 11,500 sqm in phase one of the development and pre-leased a further 11,500 sqm in phase two.

+ A 12,000 sqm lease to logistics distribution and express delivery services provider, SF Express. The new space will facilitate the rapid ongoing expansion of the customer’s service network in China and meet its growing warehousing needs in the region. This latest leasing deal follows an initial lease signed just two months earlier with SF Express over 6,000 sqm
at Goodman Landport Logistics Estate, bringing its total lease to 18,000 sqm.

Philip Pearce, Managing Director, Greater China for Goodman, said: “We are very pleased with the leasing progress at our new development and extend a warm welcome to Leyou and SF Express. This recent success highlights the quality of Goodman’s product, and our flexible approach and ability to provide the best warehousing solutions for customers from a range of industries.”

Goodman acquired Tianjin Landport in April 2012 as a strategic acquisition to develop a premier logistics park in close proximity to Tianjin’s major transportation hub. Goodman Landport Logistics Estate is being developed in three phases and when complete, will comprise a total of eight single-storey warehouses, providing approximately 164,000 sqm of logistics space. Phase one, which completed construction last year, comprises 59,061 sqm of prime logistics space, with the recent commencement of phase two to to provide approximately 45,900 sqm of new space.

The Estate is located in the north east of Beichen District, mid-way between Beijing and Tianjin, providing efficient access to and from Tianjin city, as well as the northern and southern parts of China. The site also offers excellent transport connections, including access to major highway networks.

“We continue to see strong demand for prime logistics space in Tianjin, driven by growing domestic consumption, manufacturing and e-commerce. Leasing demand has also spilled over from Beijing, where there is a lack of supply of quality distribution and warehousing space. This is providing Goodman with significant opportunities through the development of futher prime
logistics facilities within the region and is reflected in our ongoing investment in this market to tap its vast growth potential.”

Goodman is expanding its footprint in China at a rapid pace. Currently, the Group has more than
780,000 sqm of developments underway in key cities including Shanghai, Tianjin, Chengdu, Chongqing, Langfang, Changzhou and Hefei, and an 800,000 sqm development target for the next 12 months.

- Ends -

For further information, please contact Goodman: Mathew Werner
Group Corporate Communications Manager
Tel. +61 2 9230 7159

About Goodman

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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