Goodman to build 33,300 sqm built-to-suit distribution centre for BMW
Brilliance Automotive in Hebei Province, China
SHANGHAI, Oct. 29, 2013
SHANGHAI, Oct. 29, 2013 /PRNewswire/ -- 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 and 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 and its 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
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 China.
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 space globally.
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.
For further information, please contact:
Marketing Director, Asia
Tel +852-2249-3149 / +852-6111-9452
Citigate Dewe Rogerson
Jasmine Yap Crystal Yip
Co-Managing Director Associate Director
Tel +852-3103-0108 / +852-9325-3363 Tel +852-3103-0106 / +852-9720-6445
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