SHANGHAI, April 29, 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 two new agreements, for a combined 20,796 sqm, at its properties in Shenyang and Tianjin in Northern China. The transactions include the development of a 15,581 sqm built-to-suit facility for Roechling at Goodman Tiexi Industrial Estate in Shenyang, and a lease for 5,215 sqm of logistics space to Lenacore at Goodman Binhai Hi-Tech Industrial Park in Tianjin.
The built-to-suit facility for Roechling represents one of the four buildings planned at Goodman Tiexi Industrial Estate, and will be used as the company's manufacturing and warehousing facility. Roechling, headquarted in Mannheim, Germany, is a leading plastic product manufacturer of a broad range of thermoplastics and high performance materials and processing.
Goodman Tiexi Industrial Estate is strategically located in the Shenyang Economic & Technological Development Area, the city's state level development zone. It is in close proximity to major expressways, the Shenyang Airport and importantly, is adjacent to the BMW Shenyang Factory, which facilitates the transportation of Roechling's products to its customer.
Edward Huang, General Manager, China Operation for Roechling, said, "The materials industry requires the highest standards in infrastructure for workshops and warehouses, which are perfectly met by Goodman's international standard facilities and their experienced team. We look forward to cooperating with Goodman in the future and in more locations across China."
Goodman Tiexi Industrial Estate is being developed in multiple phases. The first phase of the development is expected to be completed in the second quarter in 2016. On completion of the overall development in mid-2017, the project will comprise four warehouses, providing 65,164 sqm of warehouse and industrial facilities, with an estimated end value of more than US$40 million.
Goodman Binhai Hi-Tech Industrial Park is located in Binhai New Area in Tianjin, one of the most developed areas in the Beijing - Tianjin - Hebei economic circle, with excellent access to the expressway network and close to the Tianjin Binhai International Airport. Lenacore is leasing 5,215 sqm at Goodman Binhai High-Tech Industrial Park as a bonded warehouse for its high-value manufacturing equipment.
Lenacore is a Chinese-based manufacturer of diesel particulate filters (DPF) with advanced equipment and technologies imported from Dow Chemical in the US. Lenacore intends to establish a production base for DPF substrate in Tianjin, with a production capacity of 10 million litres per year.
Hao Ming Zhong, President of Lenacore, said, "We are pleased to be working collaboratively with Goodman on our new facility. Goodman has been very responsive to our evolving requirements and, with the support from local government and customs, helped us to apply for an exclusive bonded warehouse. We look forward to a long and successful relationship with them in the future."
Goodman Binhai Hi-Tech Industrial Park comprises two single-storey industrial facilities, providing a total of 44,680 sqm of prime industrial space. The project was completed in November 2014, with an estimated end value of US$26 million.
Philip Pearce, Managing Director Greater China for Goodman, said, "We are pleased to welcome Roechling and Lenacore to our new developments in Northern China. Our new customers join a diverse range of industries within our existing portfolio. The two agreements demonstrate the quality of our assets and our expertise in delivering property solutions tailored to specific customer needs. With the strong ongoing demand for prime logistics space in China, we will continue to undertake targeted investment in strategic locations to continue to secure high quality opportunities for our customers and investors."
For further information, please contact:
Goodman
| Wayne Huang |
| General Manager Operations, China |
| Tel + 86-21-6133-2014 |
Citigate Dewe Rogerson
| Jasmine Yap |
Crystal Yip |
| Co-Managing Director |
Senior Associate Director |
| Tel +852-3103-0108 / +852-9325-3363 |
Tel +852-3103-0106 / +852-9720-6445 |
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.
