Goodman opens Huiyang Industrial Park in China

Goodman $2.5bn

Goodman Group has officially opened Stage 2 of Goodman Huiyang Industrial Park in Guangdong Province, Southern China, which now comprises over 150,000 sq m of space. Located inside the Huiyang Economic Zone, and 8 km from Huiyang and 20 km from Shenzhen, Goodman Huiyang Industrial Park is an ideal location from which to operate regional logistics and distribution services. The project is fully leased to top tier customers including, Sealy, Rokin and Century Distribution Systems on behalf of It enjoys good links to key consumer markets throughout the Pearl River Delta region via the nearby Huida Expressway.

Tony Tao, Goodman’s General Manager for South and West China, said: “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. Guangdong Province is the most populous province in China and is highly urbanised. 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.”

Bill Chen, General Manager of South China at Sealy, added: “Goodman Huiyang Industrial Park’s location offers easy access to the huge consumption market in Shenzhen and Eastern Guangdong. The phased industrial park provides us with flexibility to expand our distribution network to deliver on our long-term plan in Southern China. The excellent design and quality of the property has ensured our effective and smooth operations.”

Stage 3 of this project, consisting of 170,000 sq m is soon to commence construction with pre-commitment enquiry from multiple customers.

During the past year, Goodman has leased 1m sq m of space to multiple customers across China, in addition to completing the construction of several new development projects across multiple cities in China. These include warehouse developments in key gateway cities including Greater Shanghai, Greater Beijing, Chongqing and Greater Shenzhen, increasing Goodman’s total managed portfolio in China to over US$1.8bn comprising in excess of 2.4m sq m of logistics space.

In the medium term, Goodman plans to grow the portfolio to well over 5m sq m, with 0.7m sq m of new space currently under construction. Additionally, several new land acquisition opportunities are currently under review and negotiation in strategic locations in gateway cities which would further increase Goodman’s portfolio. 

The growth of Goodman’s China platform is supported by a diversified customer base across a range of sectors and industries including automotive, e-commerce, retail, manufacturing, pharmaceutical and third-party logistics.

Source: Goodman Group