Goodman Group has signed an agreement to develop a 22,000sqm built-to-suit facility for Best Logistics Technology in Chongqing, Western China.
Goodman Chongqing Airport Logistics Park, which has a total land area of 284,000 sqm, is Goodman’s first project in Chongqing. It will be developed in multiple phases, comprising a total of eight warehouses and providing approximately 190,000 sqm of prime logistics space, with an estimated end value of US$130 million.
Philip Pearce, Managing Director Greater China for Goodman, said, “Western China continues to be an area of growth for us. We see surging demand and a lack of supply for prime logistics space in this part of the country.”