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Goodman awards HK$1.46 billion contract to Hip Hing as main contractor for Interlink

Wednesday, 13 January 2010

Goodman  Interlink  Limited,  a  joint  venture  between  Goodman  Group  (“Goodman”)  and Goodman Hong Kong Logistics Partner (“GHKLP”), today announced the appointment of Hip Hing Construction Co. Ltd (“Hip Hing”) as its main contractor for Interlink, its landmark warehouse and distribution development in Tsing Yi.   The awarded price of HK$1.46 billion represents a significant construction contract amount in the private sector.
Kris Inglis, Director of Developments and Planning, Asia at Goodman commented. “We are pleased to award this major construction contract to Hip Hing as the main contractor. The awarded price and the 775 day construction work programme are consistent with our expectations for the successful delivery of the Interlink development.”
Interlink is one of the first major warehouse and distribution centres to be developed in Hong Kong in almost a decade. The development comprises a site of approximately 301,000 sq ft (28,000 sqm) on Tsing Yi Island and plans to build approximately 2.4 million sq ft (222,000 sqm) of modern warehouse space. Construction is expected to be completed by January 2012.
“Hip Hing was appointed for its local strength and experience as one of Hong Kong’s largest contractors with a portfolio including the various phases of the Hong Kong Convention and Exhibition Centre, the Hong Kong SAR Government Headquarters and projects similar in complexity to Interlink. We are very confident of their ability to deliver a quality project, on time and to budget,” Mr Inglis added.
The construction industry has been hard hit by the global financial crisis with only a handful of private sector projects coming on stream in 2009 while in the public sector a few projects arose from the Hong Kong SAR Government’s “stimulus” measures. The construction commencement of Interlink is a positive sign of Hong Kong’s economic recovery and the strengthening of the construction industry. According to Hip Hing, the project is expected to create construction employment opportunities in Hong Kong for over 1,000 workers and technicians/engineers.
Paul Y L Tong, Managing Director of Hip Hing said, “Interlink, by recent records in Hong Kong, represents a comparatively large project for the construction industry and we are excited to undertake this challenging project. Interlink has brought in a new era of warehouse and distribution centre with green building design concepts, i.e. BEAM and LEED (Core and Shell), the latest international green building standards and certifications. Examples of measures that will be undertaken include the re-use of 33 existing bored piles on site, the installation of energy efficient light fittings and air-conditioning systems and the re-cycling of construction waste.”
Project details:
The project requires five 50m jib length tower cranes to facilitate and expedite the concrete frame construction period. The overall construction period is relatively short, with seven months stipulated for piling and foundation works, 13 months to erect the concrete frame and five and a half months for finishing, building services installation and subsequent statutory inspections and approvals.
Key statistics:
Total construction floor area:                 285,000 sqm
Total concrete volume: 230,000 m3 (average 860 m3 /day in the 13 month concrete frame period)
Reinforcing steel: 42,000 tonnes (average 170 tonnes /day in the 13 month concrete frame period)
Total formwork area: 850,000 sqm (average 3,200 sqm /day in the 13 month concrete frame period)
Typical floor area: 13,000 sqm (average 10,000 m3 concrete, 250 tonnes rebar and 40,000 sqm formwork area per floor)
Other appointed consultants:
Main consultant:                            Sui Yin Wai Company & Associates
Quantity Surveyors:                       Widnell Limited
Project manager:                           EC Harris (Hong Kong) Limited
- ENDS -

For further information, please contact:

Besy Leung
Marketing Director, Asia
Tel + 852 2249 3149 / 6111 9452
Financial Dynamics
Elaine Chan                                  Peony Sze
Senior Vice President                    Associate Vice President
Tel +852 3716 9878                       Tel +852 3716 9821

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