Goodman Interlink Officially Opens with Near Full Occupancy

The HK$5 billion warehouse sets the benchmark in Hong Kong

HONG KONG, March 8, 2012 /CNW/ - Goodman Group ("Goodman" or "Group"), the integrated property group which owns, develops and manages industrial space, has held an official opening ceremony for Goodman Interlink, a landmark warehouse and distribution development in Hong Kong's strategically important Tsing Yi port district.

(Photo: http://photos.prnewswire.com/prnh/20120308/HK65076-a )

(Photo: http://photos.prnewswire.com/prnh/20120308/HK65076-b )

Key features of Goodman Interlink:

• Valued at circa HK$5 billion
• Lettable floor area of more than 2.4 million sq ft (224,000 sqm) over 24 levels, making it Hong Kong's fourth-largest warehouse and the biggest new warehouse project in Hong Kong in nearly a decade
• Approximately 99% of the total gross floor area has been leased, with new leases signed with Nippon Express and Net-a-Porter
• The only warehouse and distribution development in Hong Kong to be awarded a Gold Standard pre-certification from the HK BEAM (Hong Kong Building Environmental Assessment Method) and a certification from LEED (Leadership in Energy and Environmental Design)
• Located in the heart of Tsing Yi and immediately adjacent to Container Terminal 9 and Stonecutter's Bridge, Goodman Interlink is strategically close to Hong Kong's container ports, the International Airport and major highways to mainland China

Mr Greg Goodman, Group Chief Executive Officer of Goodman said, "We are extremely proud to have completed this landmark development on time and within budget while setting a new benchmark for the industrial property market in Hong Kong. The fact that Goodman Interlink is now almost fully leased to a range of well-known multinationals and 3PLs is testament to the exceptional quality of the building, its strategic location and our global reputation as property developers and managers, while highlighting the lack of high quality facilities such as this in Hong Kong.

"The stable economy in Hong Kong, boosted by strong retail sales and domestic consumption, has resulted in significant demand for warehousing space, which has outstripped supply. We are committed to delivering outstanding quality developments on behalf of our customers and investors, and maintaining our reputation as a leading provider of prime industrial space."

Approximately 99% of the lettable space at Goodman Interlink has been leased to major international and local companies, including the two anchor customers, DHL Supply Chain (Hong Kong) Limited and Yusen Logistics (Hong Kong) Limited. Other customers include, BEL International Logistics Limited, a well-known luxury fashion and accessories retailer and a leading pharmaceutical and healthcare distributor. Most recently, global logistics provider, Nippon Express and Net-a-Porter, an online luxury fashion retailer, have leased space at Goodman Interlink.

Goodman Interlink is built in compliance with both the HK BEAM and LEED environmental assessment method. It is the only warehouse and distribution development in Hong Kong to be awarded a Gold standard pre-certification rating from HK BEAM and a certification from LEED.

Mr Tom Wong, Managing Director, DHL Supply Chain, Hong Kong and Macau said, "As an anchor tenant and one of the first to pre-lease space, DHL is extremely pleased with Goodman Interlink's on-time completion and its unique green concept which is in line with our group's GoGreen initiative. We see Hong Kong as a major hub for our business in the Greater China region and the opening of the DHL Supply Chain MegaHub in Goodman Interlink will enable us to improve operational efficiency, consolidate our resources and therefore allow us to enhance our service to our customers."

"We are pleased to move into a building of such high quality and with efficient warehousing space in a very strategic location. We work with Goodman in a number of markets globally, including Japan, Australia, China and continental Europe, and are delighted with their ability to meet our needs in all those markets." Mr Nakajima Noria, General Manager of Nippon Express concluded.

About Goodman

For more information please visit www.goodman.com

For further information, please contact:
Goodman
Besy Leung
Marketing Director, Asia
Tel [phone]

Citigate Dewe Rogerson
Charlotte Bilney	Jasmine Yap
Co-Managing Director	Co-Managing Director
Tel [phone]	Tel [phone]

SOURCE Goodman Group

http://www.goodman.com

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