SHANGHAI, Sept. 14, 2015 /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 three new lease agreements with JD.com, HOAU and Walmart at Goodman Xindu North Industrial Park (Park) in Chengdu, Sichuan Province. The three customers have committed to a combined total space of 71,700 sqm, fully pre-leasing the new development.
Goodman Xindu North Industrial Park is strategically located in Xindu Logistics Park, in close proximity to Chengdu Airport and the city's major gateway, the Cheng Mian Expressway, making this prime location an important logistics hub in Western China. The development comprises four single-storey buildings with a total gross floor area of 71,700 sqm, which are to be built over three phases. The whole Park will be completed in the fourth quarter of 2016, with an estimated end value of US$50 million.
Phase 1 of the development, comprising circa 32,800 sqm of high quality logistics space, has been pre-leased to JD.com, an existing customer at both Goodman Landport Logistics Estate in Tianjin and Goodman Lujia Logistics Centre in Kunshan, occupying a total of 36,023 sqm across the two facilities. In addition, two new customers, HOAU and Walmart, will lease the entire space in the second and third phases of the development, respectively.
Philip Pearce, Goodman's Managing Director Greater China said, "These new leases are a testament to our ability to meet the different needs of our customers from a diverse range of industries. We are pleased to continue our partnership with JD.com as they expand their footprint in China and we are equally delighted to welcome new customers HOAU and Walmart to our portfolio."
"We remain focused on our development plans in this market, leveraging our industry reputation for delivering high quality and strong built-to-suit capabilities to support our customers across China."
Jingdong or JD.com is a leading e-commerce company in China, ranked in the Fortune China's 500 List as the largest internet company in terms of revenue. It offers an extensive range of quality products and services at competitive prices, as well as speedy and reliable delivery. It has one of the biggest distribution facilities in the e-commerce industry in China. As of 30 June 2015, JD.com had seven distribution centres across China and 166 warehouses in 44 cities, its delivery network covers 2,043 counties and districts, with 4,142 distribution stations and pick up spots. JD.com was selected in Nasdaq 100 index in 2015.
Mr. Wei HU, General Manager of Southwest China of JD.com, said, "We are delighted to extend our relationship with Goodman to establish our new warehouse and distribution centre in Xindu, Sichuan. We look forward to continuing our cooperation with such a professional logistics solutions provider as Goodman."
HOAU is the first 5A-Grade logistics and transportation services provider, with one of the largest express delivery networks in China, comprising 56 transportation hubs across the country. HOAU will lease 12,100 sqm in Phase 2.
Mr Yushun A, Vice President of HOAU, said, "This year we celebrate HOAU's 20th anniversary. We have developed HOAU into a strong and capable logistics company over the last 20 years, known for its timely, reliable and efficient service to customers. We are very delighted to join hands with Goodman, a leading global logistics solutions provider, to develop build-to-suit warehousing facilities for us and we look forward to working with Goodman on future opportunities."
Walmart established its presence in China in 1996. As at 31 August 2015, Walmart was operating 415 retail stores covering 166 cities, together with nine distribution centres and 11 fresh products distribution centres. Goodman will deliver a 26,809 sqm built-to-suit logistics facility for Walmart in Phase 3 of development at the Park.
Goodman currently has around 800,000 sqm of developments underway in key cities including Shanghai, Nanjing, Shenyang, Tianjin, Chongqing, Chengdu, Wuhan, Xi'an, Suzhou, Qingdao, and Hefei, with an 800,000 sqm development target for the next 12 months.
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
