SHANGHAI, CHINA - 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 with ShanghaiRokin Logistics Co (Rokin) at Goodman Pudong International Airport Logistics Park (GPIALP), its flagship development in China.
Founded in 1985 and headquartered in Shanghai, Rokin is part of Shandong Rokin Group Co., Ltd. Its core business is focused on transport for the cold storage and chemical industries.
Rokin has leased 17,772 sqm across four units in GPIALP Phase 2, which was completed in November 2013. GPIALP Phase 1 reached completion in August 2012, and is currently occupied by customers including Kuehne + Nagel, Richemont, Ferrari Logistics and Tigers. When fully developed in the second half of the 2015 calendar year, GPIALP will have a total end value in excess of US$170 million.
GPIALP is an award-winning development comprising three phases of two storey ramp-up warehouse facilities, with a combined 196,000 sqm of prime logistics space. The development recently won the Annual Magnolia Award for Construction, which is regarded as Shanghai's most prestigious construction industry award. Recipients of the award are highly regarded as first class brands with quality project management.
Philip Pearce, Managing Director Greater China for Goodman, said, "We are delighted to welcome Rokin to our newly completed second phase of Goodman Pudong International Airport Logistics Park. We are very proud of our China flagship development and winning the Magnolia Award for Construction is testament to the high quality of the project, and Goodman's proven expertise and reputation.
"We are seeing continued strong demand for prime industrial space, particularly in Eastern China where the shortage of supply is being driven by the scarcity of available industrial land. With Goodman's land bank of 4.3 million sqm across mainland China, we are well positioned to take advantage of the strong market conditions and selectively pursue quality opportunities that meet the individual logistics space needs of our customers."
Goodman currently has 570,000 sqm of developments underway in key cities including Shanghai, Tianjin, Chengdu, Langfang, Changzhou, Hefei and Nanjing. It recently announced its entry into the Chongqing market with the development of a 46,700 sqm built-to-suit facility for Yunda Express at Chongqing Airport.