Goodman has opened Stage 2 of the Goodman Huiyang Industrial Park, a logistics and distribution facility that now measures over 150,000 square metres.
According to Goodman, the facility is located in the Huiyang Economic Zone, 8km from Huiyang and 20km from Shenzhen. The project is fully leased to customers including JD.com, Sealy, Rokin and Century Distribution Systems on behalf of Zulily.com.
“The opening of Stage 2 of Goodman Huiyang Industrial Park reflects our strategic focus to deliver high-quality properties to our customers in China’s major consumption markets,” said Tony Tao, general manager of South and West China at Goodman. “Guangdong province is the most populous province in China and is highly urbanized. Goodman Huiyang Industrial Park is an ideal location for our customers to provide high-quality service to consumers with short lead times. We are also particularly grateful for the strategic support provided by the local Huiyang government to make this project a success.”
Construction of the project’s 170,000-square-metre third stage is expected to commence shortly.
The company has leased 1 million square metres of space to multiple customers across China over the past year, and has 0.7 million square metres of space currently under construction.
“E-commerce continues to be a major driver of growth for our business in China,” said Kristoffer Harvey, chief executive officer of Goodman Greater China. “Globally e-commerce is expected to grow by more than 60% by 2020 with the recent 11/11 sales event in China setting several new records. We are continuing to see increasing demand from our customers for modern logistics space particularly in the major consumer markets in and around China’s major gateway cities including Shanghai, Shenzhen, Guangzhou, Beijing, Chengdu and Chongqing where we are actively investing. Our portfolio occupancy rate in China of over 98% reflects the success of our customer-led development strategy in these strategic locations.”
Several new land acquisition opportunities are currently under review and negotiation in strategic locations in gateway cities, increasing the company’s portfolio to over 5 million square metres of logistics space in China in the medium term, according to Goodman.
