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Goodman Group continues its forward momentum in China with the official opening of Goodman Huiyang Industrial Park in Guangdong Province

By   /  December 7, 2017  /  Comments Off on Goodman Group continues its forward momentum in China with the official opening of Goodman Huiyang Industrial Park in Guangdong Province

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Source: Media Outreach
Headline: Goodman Group continues its forward momentum in China with the official opening of Goodman Huiyang Industrial Park in Guangdong Province
SHANGHAI, CHINA – Media OutReach – 7 December 2017 – Goodman Group (Goodman or the Group),a leading global integrated industrial property group has officially openedGoodman Huiyang Industrial Park, its latest state-of-the-art facility inGuangdong Province, Southern China. The opening of this facility punctuates a successfulyear for Goodman in China where it has leased one million sqm of space in thelast 12 months alone, in addition to completing the construction of several newdevelopment projects across multiple cities in China.  Key highlights Leased one million sqm of highspecification logistics space during the past 12 months with the occupancy ofGoodman’s China portfolio increasing to over 98% Completed numerous newwarehouse developments over the last 12 months in key gateway cities includingGreater Shanghai, Greater Beijing, Chongqing and Greater Shenzhen, increasingGoodman’s total managed portfolio in China to over US$1.8 billion comprising inexcess of 2.4 million sqm of high quality, modern logistics space Continued growth of Goodman’sChina platform supported by a diversified and high quality customer base acrossa range of sectors and industries including automotive, e-commerce, retail,manufacturing, pharmaceutical and third party logistics Significant development work inprogress, land bank and pipeline of new opportunities to grow the portfolio towell over 5 million sqm in the medium term. This includes the final stage ofGoodman Huiyang Industrial Park, which together with Stage 1 and Stage 2,provides 322,700 sqm of high quality industrial space located only 20km fromShenzhen.GoodmanHuiyang Industrial Park Goodman has officiallyopened Stage 2 of Goodman Huiyang Industrial Park, a modern state-of-the-art logisticsand distribution facility that now comprises over 150,000 sqm of high quality space.Located inside the Huiyang EconomicZone, and only 8 km from Huiyang and 20 km from Shenzhen, Goodman HuiyangIndustrial Park is an ideal location from which to operate regional logisticsand distribution services. The project is fully leased to top tiercustomers including JD.com, Sealy, Rokin and Century Distribution Systems onbehalf of Zulily.com. It enjoys excellent linksto key consumer markets throughout the Pearl River Delta region via the nearbyHuida Expressway.Tony Tao,Goodman’s General Manager for South and West China, said, “The opening of Stage 2 of Goodman Huiyang Industrial Park reflectsour strategic focus to deliver high quality properties to our customers inChina’s major consumption markets. Guangdong Province is the most populousprovince in China and is highly urbanised. Goodman Huiyang Industrial Park isan ideal location for our customers to provide high quality service toconsumers with short lead times. We are also particularly grateful for thestrategic support provided by the local Huiyang Government to make this projecta success.” Mr. Bill Chen,General Manager of South China at Sealy said, “Goodman Huiyang IndustrialPark’s location offers easy access to the huge consumption market in Shenzhenand Eastern Guangdong. The phased industrial park provides us with flexibilityto expand our distribution network to deliver on our long-term plan in SouthernChina. The excellent design and quality of the property has ensured our effectiveand smooth operations.” With the strong customer take up of the earlier phases, Stage 3 of thisproject, consisting of 170,000 sqm is soon to commence construction with strongpre-commitment enquiry from multiple customers.  Customer focused  During the pastyear, Goodman has leased one million sqm of space to multiple customers acrossChina. The key to Goodman’s leasing success is thequality and integrity of its people and the long-term relationships we buildwith our customers. With our specialist knowledge of the Chinese industrialproperty market, we tailor our developments to support our customers’ businessobjectives and expansion needs.  Chen Han, Directorof BD & Project Geek+ commented, “As a growing intelligent warehousingbusiness, we had very specific tenancy requirements for well-located,affordable high-quality logistics space. Having a tailored and flexible spaceis key to us being able to meet our increasing business volume. We reallyappreciated the level of flexibility Goodman Group was able to provide and thedepth of understanding they had about our business needs.” Continued growth  Kristoffer Harvey, Chief Executive Officer of Goodman Greater Chinasaid, “E-commerce continues to be a major driver of growth for our business inChina. Globally e-commerce is expected to grow by more than 60% by 2020[1]with the recent 11/11 sales event in China setting several new records. We arecontinuing to see increasing demand from our customers for modern logisticsspace particularly in the major consumer markets in and around China’s majorgateway cities including Shanghai, Shenzhen, Guangzhou, Beijing,Chengdu and Chongqing where we are actively investing. Our portfolio occupancyrate in China of over 98% reflects the success of our customer-led developmentstrategy in these strategic locations.” Goodman continuesto build on its existing 2.4 million sqm portfolio of completed propertiesacross China, with 0.7 million sqm of new space currently under construction.In addition, Goodman’s secured land bank provides the opportunity to almostdouble the size of its portfolio. Additionally, several new land acquisitionopportunities are currently under review and negotiation in strategic locationsin gateway cities which would further increase Goodman’s portfolio to well over5 million sqm of modern, high quality, modern logistics space in China in themedium term. About GoodmanGoodman Group is an integrated property group with operations throughoutAustralia, New Zealand, Asia, Europe, the United Kingdom and the Americas.Goodman Group, comprised of the stapled entities Goodman Limited, GoodmanIndustrial Trust and Goodman Logistics (HK) Limited, is the largest industrialproperty group listed on the Australian Securities Exchange and one of thelargest listed specialist investment managers of industrial property andbusiness space globally.Goodman’s global property expertise, integrated own+develop+managecustomer service offering and significant fund management platform ensures itcreates innovative property solutions that meet the individual requirements ofits customers, while seeking to deliver sustainable long-term returns for itsPartners. For moreinformation please visit www.goodman.com https://twitter.com/Goodman_Grouphttps://www.linkedin.com/company/goodmanhttps://www.youtube.com/channel/UCqPJamGrRaP3OaT16gOCCeQ
[1] Source: eMarket: Worldwide Retail and E-commerce Sales: eMarketer’sEstimates for 2016-2021.
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