TOKYO, April 24, 2013 /PRNewswire/ -- Goodman Group
(Goodman) today announced that the Goodman Japan Development
Partnership (GJDP) has acquired a prime 26,000 sqm development site
in Nagoya, Japan and will develop
a 51,000 sqm logistics and distribution facility on the site.
Goodman has separately entered into a 15-year pre-lease with a
Japanese third party logistics and transport company over 27,000
sqm, representing 53% of the proposed net lettable area.
(Photo: http://photos.prnewswire.com/prnh/20130424/HK99748 )
Key details include:
- This site is strategically located in Obu City, a prime
logistics area, which is a short distance to the Nagoya CBD and
Nagoya Port. It is also only 700 metres to the Toyoake
Interchange of the Ise-Wangan Expressway, a major transport and
logistics route between Tokyo and
Osaka
- Construction to commence shortly of a new, modern, 4-storey,
ramp access, logistics and distribution facility with 51,000 sqm of
net lettable area
A leading Japanese 3PL will occupy 53% of the new facility on a
long term lease. Strong customer interest has already been
registered for the remaining development space, with no modern
logistics space available for lease in this tightly held,
predominantly owner occupier market.
Goodman Japan CEO, Mr. Paul
McGarry commented: "We have a clear strategy in Japan focused on acquiring prime development
sites in key strategic locations. This latest acquisition and
pre-lease to a high quality Japanese 3PL, is consistent with this
strategy and further demonstrates our proven ability to selectively
secure development opportunities via off-market transactions that
meet the needs of our customers and investment partners."
Goodman Group CEO, Mr. Greg
Goodman commented: "This acquisition is the fourth project
in the Goodman Japan Development Partnership, a 50/50 JV with the
Abu Dhabi Investment Council. The joint venture's first development
project, Goodman Sakai is currently under construction with
completion scheduled for March 2014,
and we are in advanced negotiations with customers for 87.5% of the
building. Customer demand in Japan
for modern logistics remains strong and we see significant
opportunity given the favourable market dynamics, our strong local
platform and the quality of our global customer and capital partner
relationships."
About Goodman Group
For more information please visit www.goodman.com
For further information, please contact:
Mathew Werner
Group Corporate Communications Manager
+61-2-9230-7159
Mari Tokaji
Assistant Manager, Central Executive, Goodman Japan
+81-3-6910-3341