Goodman to Build 33,300 sqm Built-to-Suit Distribution Centre for BMW
Brilliance Automotive in Hebei Province, China
SHANGHAI, CHINA -- (Marketwired) -- 10/29/13 -- Goodman Group
(Goodman or Group), the global integrated property group which owns,
develops and manages industrial space, is pleased to announce that it
has signed an agreement to develop a 33,300 sqm built-to-suit
facility for BMW Brilliance Automotive Limited (BMW Brilliance
Automotive) in Hebei Province, China.
The new built-to-suit facility, will be BMW Brilliance Automotive's
regional distribution centre for car auto parts in Northern China.
Philip Pearce, Managing Director Greater China for Goodman, said, "We
are delighted to be developing this prime facility for BMW Brilliance
Automotive, which is a testament to our reputation as a global
provider of high quality warehousing solutions. Automotive industries
have unique specifications and our built-to-suit approach
demonstrates our capability to deliver the individual operational
needs for customers in the automotive sector, which in turn enables
them to effectively and efficiently service their customers."
"We continue to see significant demand for high-quality warehousing
space in Northern China. We are well positioned with the extensive
resources, access to capital and a significant land bank, as we focus
on the continued expansion of our footprint in this region."
The new distribution centre for BMW Brilliance Automotive forms part
of the Goodman Citylink development, which is located in the Yanjiao
Economic and Technological Development Zone in Hebei Province.
Goodman Citylink comprises an existing 26,500 sqm warehouse, with a
long-term lease to a multinational retailer and a further five
single-storey prime warehouses currently under construction. On
completion in July 2014, Goodman Citylink will provide a gross floor
area of 130,000 sqm, with an end value of approximately US$90
Mr Christian Mueck, Vice President Aftersales of BMW Brilliance
Automotive, said, "As we continue to expand in mainland China which
is the world's largest automotive market, it is critical that we work
with a strong and reliable partner like Goodman. Goodman Citylink is
in an excellent location for our regional distribution centre an
quality and layout will allow us to further enhance our operational
efficiencies and customer satisfaction."
Goodman is expanding in China at a rapid pace, with development work
in progress of 530,000 sqm in key cities including Shanghai, Tianjin,
Chengdu, Langfang, Changzhou, Hefei and Nanjing. The Group has a land
bank of 4.3 million sqm, comprising secured and controlled land, and
has the capability to increase its development book to approximately
800,000 sqm over the next 12 months.
BMW Brilliance Automotive Limited is a joint venture between BMW and
Brilliance Auto. Its principal activity is the production,
distribution and sale of BMW passenger cars in mainland
Goodman Group is an integrated property group with operations
throughout Australia, New Zealand, Asia, Europe, the United Kingdom,
North America and Brazil. Goodman Group, comprised of the stapled
entities Goodman Limited, Goodman Industrial Trust and Goodman
Logistics (HK) Limited, is the largest industrial property group
listed on the Australian Securities Exchange and one of the largest
listed specialist fund managers of industrial property and business
Goodman's global property expertise, integrated own+develop+manage
customer service offering and significant fund management platform
ensures it creates innovative property solutions that meet the
individual requirements of its customers, while seeking to deliver
long-term returns for investors
For more information please visit www.goodman.com
About BMW Brilliance Automotive Ltd.
Founded in May 2003, BMW Brilliance Automotive Ltd. is a joint
venture of BMW Group and Brilliance China Automotive Holdings Ltd.
Its operations include the production, sales and after-sales services
of BMW automotives. The plants are situated in Shenyang city,
Liaoning Province, which has a strong industrial base. BMW Brilliance
has also set up a branch company in Beijing, with a nationwide sales
and service network. By the end of June, 2013, BMW Brilliance has
more than 13,000 associates
Since the entry into China's market, BMW, as a corporate citizen, has
long been committed to localizing progress, fulfilling its social
responsibility, growing with Chinese society and making contributions
in fields of Resources, Intercultural Innovation and Social
Inclusion, Educational Support and Road Safety Education through a
series of leading projects in the industry.
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Marketing Director, Asia
Tel + 852 2249 3149 / 6111 9452
Citigate Dewe Rogerson
Tel: +852 3103 0108/9325 3363
Tel: +852 3103 0106/9720 6445
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