Goodman builds Chongqing facility for Yunda
Goodman Group, the global integrated property group which owns, develops and manages industrial space, has signed an agreement to develop a 46,700 sqm builtto- suit facility for Yunda Express in Chongqing, Western China.
March 6, 2014
Goodman Group, the global integrated property group which owns, develops and manages industrial space, has signed an agreement to develop a 46,700 sqm builtto- suit facility for Yunda Express in Chongqing, Western China. Yunda Express is one of the largest privatelyowned express delivery companies in China. The Goodman Chongqing Airport Logistics Park will be their regional packaging and distribution centre for Western China and Goodman’s largest development in the region with the first phase is targeted for completion in October 2014, while the second phase is expected to complete in October 2015.
“Our relationship with Yunda Express started in China last year, when we commenced development of a 29,300 sqm built-to-suit facility at Goodman Hefei Central Park in Anhui Province,” said Philip Pearce, MD Greater China for Goodman. “We continue to see growing demand for prime logistics space in Western China. We are well positioned with extensive resources, access to capital and a significant land bank, as we focus on the continued expansion of our footprint in this region,” he added.
Goodman is continuing its expansion in China at a rapid pace, with development work in progress of 550,000 sqm in key cities including Shanghai, Tianjin, Chengdu, Langfang, Changzhou, Hefei, Nanjing and now Chongqing. The Group has a land bank of 4.3 million sqm, comprising secured and controlled land which gives the ability to develop approximately 2.9 million sqm of high quality logistics facilities over the next three to four.