Mingtiandi

Asia real estate and outbound investment news

  • Facebook
  • LinkedIn
  • RSS
  • Twitter
Sign Up / Login Logout

Lost your password?
Register
Forgotten Password
Cancel

Register For This Site

A password will be e-mailed to you.

  • Capital Markets
  • Events
    • Mingtiandi 2023 Event Calendar
    • Mingtiandi APAC Residential Forum 2023
    • Mingtiandi Asia Logistics Forum 2023
    • Mingtiandi Hong Kong Focus Forum 2023
    • Mingtiandi APAC Data Centre Forum 2023
    • Mingtiandi Asia Office Strategies Forum 2023
    • Mingtiandi Singapore Focus Forum 2023
    • More Events
  • MTD TV
  • People
  • Logistics
  • Data Centres
  • Asia Outbound
  • Retail
  • Research & Policy
  • Advertise

Goodman to Build 76K Sqm Nanjing Warehouse for Logistics Provider

2014/10/29 by Michael Cole Leave a Comment

Nanjing's Jiangning Economic and Technological Development Zone

Goodman’s new facility will be located in Nanjing’s Jiangning Economic and Technological Development Zone

Goodman added another build-to-suit project to its China portfolio this week when the Australian real estate developer announced a deal for a 76,400 square metre facility in Nanjing, to be called Goodman Nanjing Airport Logistics Centre.

The developer announced the acquisition of a brownfield site in Nanjing’s Jiangning Economic and Technology Development Zone on October 27th, the same day that it made known that it had signed an agreement with third-party logistics provider Best Logistics develop the facility on Best’s behalf.

The agreement is the second of its kind between Goodman and Best, and calls for the developer to build two warehouses and a separate amenities centre on the site in eastern China’s Jiangsu province.

Competition for development sites, and warehouse space, has heated up in China during recent years, as growing retail consumption, particularly in the ecommerce sector, has driven demand for modern and more efficient logistics space.

A Second Build-to-Suit Partnership for Best and Goodman

The cooperation with Best is the second this year for Goodman and the latest in a series of wins in China’s logistics market.

In April, the two companies signed a similar deal for a 22,000 square metre build-to-suit warehouse facility in Goodman Chongqing Airport Logistics Park in western China. The Chongqing facility is still under construction.

Earlier this month Goodman inked a deal with IKEA to lease 11,000 square metres in Chengdu and in September the company leased 57,000 square metres to French sports retailer Decathlon. Earlier this year the Aussie developer tied up with Jack Ma’s Cainiao platform to lease 54,000 square metres.

Commenting on this latest deal between Best and Goodman, Philip Pearce, Managing Director Greater China for Goodman, said, “We are delighted to strengthen our partnership with Best Logistics with the signing of this agreement. This is a testament to the quality of our projects, our proven capability and our ability to provide the best warehousing solutions to customers to support their changing business needs.”

As part of the planned project, an existing structure on the site will be refurbished and expanded to approximately 52,000 square metres, while a new warehouse and amenity centre with a combined total of 24,000 square metres will be developed. The entire development of 76,400 square metres will be leased to Best Logistics for a term of 10 years.

Construction on the build-to-suit facility is scheduled to commence in November 2014, with an expected completion date of October 2015.

Demand for China Logistics Space Continues to Grow

Despite moves by major investors such as Blackstone, Fosun, Brookfield, Temasek and PGGM to pour money into China’s logistics real estate sector this year, the country still suffers from a lack of efficient warehouse facilities.

Goodman’s Pearce noted that, “We continue to see strong demand for prime logistics space in Eastern China, where there is a limited supply of industrial land.”

In a November 2013 research report, real estate consultancy JLL found that, China’s cities suffer from a chronic undersupply of modern warehouses, and the rise of B2C e-commerce has been a boon to developers, who know that these occupiers continued growth will guarantee demand for future warehouse assets.

Share this now

  • LinkedIn
  • Share
  • Tweet
  • Email

Filed Under: Logistics Tagged With: Best Logistics Technologies, Chongqing, crebrief, Goodman Group, Logistics, logistics developer, Nanjing, Warehouse

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Mingtiandi Delivered

MTD TV

Terence Teo TE
Blackstone, C&W, TE Capital, SDAX Upbeat on Singapore Offices Amid Slowdown
SDAX Ties Up With ESR $1.5B Asia Data Centre Fund: MTD TV

More MTD TV Videos>>

People in the News

Jonathan Yap CapitaLand
Jonathan Yap Named CapitaLand Development CEO as Leow Retires Early
Grace Woo Chia-ching, executive director of CK Asset (Getty Images)
Asia Real Estate People in the News 2023-03-20
Eugene Kohn KPF
Asia Real Estate People in the News 2023-03-13
Kunihiko Okumura LaSalle
LaSalle Promotes Nick Okumura to Japan CEO, Appoints Itaru Nogami to Manage Fund

More Industry Professionals>>

People in the News

Jonathan Yap Named CapitaLand Development CEO as Leow Retires Early

Jonathan Yap CapitaLand

Singapore property giant CapitaLand on Thursday announced the upcoming retirement of CapitaLand Development CEO Jason … Read More>>

Asia Real Estate People in the News 2023-03-20

Grace Woo Chia-ching, executive director of CK Asset (Getty Images)

Senior changes at developers in Hong Kong and mainland China lead this week’s review of personnel changes in Asia, with … Read More>>

Asia Real Estate People in the News 2023-03-13

Eugene Kohn KPF

The passing of a global architecture giant leads this week’s round of personnel updates on Mingtiandi, as KPF mourns the … Read More>>

LaSalle Promotes Nick Okumura to Japan CEO, Appoints Itaru Nogami to Manage Fund

Kunihiko Okumura LaSalle

LaSalle Investment Management on Wednesday announced the promotion of Kunihiko (Nick) Okumura to succeed Keith Fujii as … Read More>>

More Industry Professionals>>

Latest Stories

Repulse Bay 1
Wheelock Boss Splashes $7.6M for HK Condo and More Asia Real Estate Headlines
Jonathan Yap CapitaLand
Jonathan Yap Named CapitaLand Development CEO as Leow Retires Early
TE Capital's Solitaire on Cecil
Pair of Floors Sold as TE Capital, LaSalle Launch Cecil Street Office Tower in Singapore

Sponsored Features

TE Capital's Solitaire on Cecil
Pair of Floors Sold as TE Capital, LaSalle Launch Cecil Street Office Tower in Singapore
What Do Real Estate Investors Really Want?
Douglas Wu of Fairland
Fairland Creates Spark City Lifestyle Hub to Energise Hong Kong’s Cheung Sha Wan

More Sponsored Features>>

Connect with Mingtiandi

  • Facebook
  • LinkedIn
  • RSS
  • Twitter

Real Estate News

  • Capital Markets
  • 2022 Event Calendar
  • MTD TV Archives
  • People
  • Logistics
  • Data Centres
  • Asia Outbound
  • Retail

More Mingtiandi

  • About Mingtiandi
  • Contact Mingtiandi
  • Mingtiandi Membership
  • Newsletter Subscription
  • Advertise
  • Terms of Use
  • Privacy
  • Join the Mingtiandi Team


© 2007-2023 China Advertising Media Ltd (Samoa). All rights reserved.

  • This field is for validation purposes and should be left unchanged.