MEDIA RELEASE PR38587
Groundbreaking of Interlink, completion value HK$4 billion DHL Supply Chain and Yusen
confirmed anchor customers
Hong Kong, Mar. 4 /PRNewswire-Asia-AsiaNet/ --
Goodman Group ("Goodman" or "Group") today hosted the groundbreaking for
Interlink, its landmark warehouse and distribution development in Hong Kong's
strategically important Tsing Yi port district. Valued at more than HK$4 billion
(approximately A$600 million), Interlink is one of the largest industrial development
projects currently being undertaken anywhere in the world and is one of the first
major new Hong Kong warehouse projects in nearly a decade.
When completed in January 2012, the 2.4 million sq ft (222,000 sqm) development
will be the fourth largest warehouse in Hong Kong. Designed to high technical and
environmental specifications, it will also be among Hong Kong's most modern and
efficient warehousing and distribution centres.
Over 1.2 million sq ft, approximately half of Interlink's total gross lettable
area (GLA) has been preleased and optioned to two leading global logistics operators
-
DHL Supply Chain (Hong Kong) Limited ("DHL Supply Chain") and Yusen Air & Sea
Services (Hong Kong) Limited ("Yusen"). In addition, Goodman is also in negotiations
with other international logistics players, equivalent to 77% of Interlink's GLA.
The groundbreaking and signing event was attended by approximately 150 people,
including senior representatives from DHL Supply Chain and Yusen Air and Sea
Services. Speaking at the event, Mr Paul Graham, CEO DHL Supply Chain Asia Pacific
said, "The Goodman Group is one of the major real estate partners for DHL Supply
Chain and our total warehouse footprint with Goodman in the Greater China and Oceania
regions spans over 248,000 square meters."
Greg Goodman, Group Chief Executive Officer of Goodman said, "There is
significant pent-up demand in Hong Kong for efficient and modern warehousing
facilities. The signing of two such prominent and well-respected companies in the
logistics industry is testament to this and also the development's scale, excellent
location and its innovative and high specification of design.
Interlink marks a new milestone in the Group's commitment to Asia, and our
strategic expansion in Hong Kong and China.
Supply of efficient warehousing space in Hong Kong is increasingly constrained as
demand grows and existing buildings are converted to residential and commercial use.
Being strategically located for Hong Kong's container ports, the International
Airport and major highways to mainland China, Interlink will introduce approximately
5% of prime new space to the local market.
Mr Philip Pearce, Goodman's Managing Director, Greater China said, "Located at
the heart of Tsing Yi container port and built to Goodman's environmental and
construction standards, Interlink is designed to meet all the needs of modern
logistics operators. We are delighted that both customers are consolidating their
local high value-added logistics operations at Interlink."
"Today's announcement marks a new milestone in our strong partnership with the
Goodman Group," said Paul Graham, Chief Executive Officer, Asia Pacific, DHL Supply
Chain. "Hong Kong is one of our key markets in Asia Pacific and we remain confident
in our growth potential here. As a high quality facility, Interlink will enhance our
operational efficiency and capabilities in offering best-in-class supply chain
solutions for our customers. This will also ensure that DHL Supply Chain is well-
equipped to respond to our future business growth and customers' needs in this
dynamic region."
"As a company, we have 36 years of history and experience here in Hong Kong, and
we believe that Hong Kong's role will continue to grow in importance in South China
going forward. We are looking forward to seeing the completion of Interlink, and to
utilize the modern Interlink facility as the base for our logistics service. The
facility will serve as a means by which we are able to satisfy our customers' needs,
with our newly-renovated, high-quality and reliable service," Mr Yasuhiko Nojima,
Managing Director of Yusen remarked.
Interlink will be built in compliance with both the HKBEAM (Hong Kong Building
Environments Assessment Method) and LEED (Leadership in Energy and Environmental
Design) environmental assessment methods, with the aim to be the first of its type to
obtain such accreditations and awards in Hong Kong. "Besides business efficiency,
this new facility is strategically aligned with our GoGreen strategy. As the world's
leading logistics company, we have taken on a leadership role in mitigating the
effects of our industry on the environment and making a positive contribution to
climate protection," added Mr Graham.
About Goodman
For further information, please contact:
Goodman
Besy Leung
Marketing Director, Asia
Tel: +852-2249-3149 / +852-6111-9452
Financial Dynamics
Elaine Chan
Senior Vice President
Tel: +852-3716-9878 / +852-9633-5463
Peony Sze
Associate Vice President
Tel: +852-3716-9821 / +852-9809-6285
SOURCE: Goodman Group
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