SHANGHAI, Dec. 18, 2014 /PRNewswire/ -- 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 a new lease agreement with Tianjin Binhai Concentrating Solar Power Investment (TBCSP) for 22,700 sqm of prime logistics space at Goodman Binhai Hi-Tech Industrial Park in Tianjin, China.
Strategically located in Binhai New Area in Tianjin, one of the most developed areas in the economic circle of Beijing - Tianjin - Hebei, Goodman Binhai Hi-Tech Industrial Park has excellent accessibility to the expressway network and is in close proximity to the Tianjin Binhai International Airport. It comprises two single-storey industrial facilities, providing a total of 44,680 sqm of prime industrial space. With an estimated end value of US$26 million, the project was completed in November 2014. TBCSP will take up one of the two buildings at the development as its manufacturing, and research and development facility.
TBCSP specialises in the production of solar energy storage technology, such as receiver, reflection and tracking software, as well as related solar equipment and accessories. It is a wholly-owned subsidiary of Shenzhen Nuclear Power Engineering Construction Co., Ltd. (NPEC), a "National Hi-Tech Enterprise" specializing in the engineering and construction of nuclear and petrochemical facilities. In September this year, NPEC signed an agreement with Tianjin's Binhai New District to invest RMB3.5 billion in the establishment of a solar thermal power development base in Binhai New District.
Philip Pearce, Managing Director Greater China for Goodman, said, "We are delighted to welcome TBCSP to our latest development project in Tianjin. This agreement is a testament to our ability to meet the demands and specific requirements of our clients in diverse industries.
Mr Pearce added, "This project marks the fifth for Goodman in Tianjin, which continues to be a key investment area for the Group in mainland China. We have achieved solid leasing results at our new projects to date, highlighting the strong demand for Goodman's modern and high quality facilities and our ability to deliver flexible and reliable industrial property solutions for our customers."
Ms Chen Leisheng, Executive Vice General Manager of NPEC, said, "We are pleased to have found a strong and reliable partner in Goodman and hope to build a mutually beneficial relationship with the Group over the long term. The strategic location and high quality facility offered by Goodman Binhai Hi-Tech Industrial Park meets our requirements for establishing an international standard production and R&D facility here in Tianjin."
Goodman has four other industrial properties in Tianjin, including Goodman Wuqing Logistics Centre, Goodman Wuqing E-commerce Park, Goodman Landport Logistics Estate and Goodman Xiqing Logistics Park. The Group continues to eye opportunities to invest further in this city.
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
For more information please visit www.goodman.com
