BIZCHINA / Top Biz News
Macquarie Goodman extends footprint in China
(Chinadaily.com.cn)
Updated: 2007-03-28 17:21
The Australia-based Macquarie Goodman Group, one of the world��s largest
industrial property group, has signed a purchase agreement for a 48,000
square meters distribution centre in Fengxian, Shanghai�� involving a
total investment of 121 million yuan (US$15.7 million).
Strategically located in Fengxian, one of Shanghai��s major industrial
precincts, the property is
directly linked to the major transportation hubs via the A4 expressway.
It also provides easy
access to the Pudong International Airport and the Yangshan Deep Sea Port.
Completed in November 2005, this high quality single-storey warehouse
facility is 100 percent leased to Lotus, a leading supermarket operator
in China and a wholly owned subsidiary of the Thailand-based CP Group.
Lotus signed a 10-year agreement for lease in January 2006 and has
expansion rights within the first five years of the term on a site lying
adjacent to the existing
facility.
��This acquisition is another major milestone for Macquarie Goodman in
China. We are ambitious about the Chinese market and we look forward to
further capitalizing on the momentum gained to accelerate our business
expansion in the region,�� said Philip Pearce, managing director of
Macquarie Goodman China.
(For more biz stories, please visit Industry Updates)
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