MACQUARIE Goodman has stepped up its presence in China with a second acquisition.
The group has purchased a 48,000 sqm distribution centre in Fengxian, one of
Completed in November 2005, the single-storey warehouse facility is 100% leased to Lotus, a leading supermarket operator in
Lotus signed a 10-year agreement for lease in January 2006 and has expansion rights within the first five years of the term on a site lying adjacent to the existing facility.
The property is directly linked to the major transportation hubs via the A4 expressway and also provides easy access to the
Macquarie Goodman’s chief executive of Asia Pacific David van Aanholt said
“This acquisition, together with the DHL-Exel development in Kangqiao Shanghai, reinforces our commitment to the Chinese market.” he added.
“We are ambitious about the Chinese market and we look forward to further capitalising on the momentum gained to accelerate our business expansion in the region.” Macquarie Goodman’s managing director of China Philip Pearce said.
Earlier this month, the world’s largest industrial property owner, ProLogis secured land for five industrial parks in the cities of
The five parks can accommodate over 8.7 million sq ft (808,000 sqm) of distribution space and represent an estimated $US246 million in total investment over time.
ProLogis’ chief executive Jeff Schwartz said
Adding that the region’s distribution infrastructure must continue to evolve in order to keep pace with the country’s overall economic expansion.
“We believe these new parks will play an important role in that regard by enhancing the efficiency of logistics for companies in all five of these key inland markets,” he concluded.
Australian Property Journal
