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Goodman signs lease with Leyou for 23,057 sqm of logistics space at Beichen District in Tianjin

Monday, 16 June 2014

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 a lease with Leyou (China) Chain Store Co., Ltd (Leyou) comprising 23,057 sqm at Goodman Landport Logistics Estate, Landport Logistics Park, Beichen District in Tianjin, China.

Located in the north east of Beichen District and mid-way between Beijing and Tianjin, Goodman Landport Logistics Estate will be developed in three phases to provide approximately164,000 sqm of logistics space in its eight single-storey warehouses. Phase I and Phase II will offer prime logistics spaces of 59,043 sqm and 45,888 sqm respectively. Leyou, a leading multichannel retailer, has signed a lease for 11,527 sqm in Phase I and pre-committed to a further 11,530 sqm in Phase II of Goodman Landport Logistics Estate.

This latest leasing success follows the recent announcement that leading domestic logistics distribution and express delivery services provider, SF Express, has leased a combined 18,000 sqm of space in Phase 1 of Goodman Landport Logistics Estate, with both transactions significantly boosting the total occupany rates of Phase I and Phase II.

Founded in 1999 with its headquarter in Beijing, Leyou is a leading multichannel retailer of toddler, baby and maternity products in China. Leyou operates 400 stores in 13 cities across the nation (as at end 2013), together with a catalogue business and an online store serving parents throughout China. It has experienced rapid expansion in recent years, opening retail stores in both Eastern and Western China. To date, the retailer has established 60 retail stores in Tianjin and 50 retail stores in Shanghai, two of its fastest-growing domestic markets.

Philip Pearce, Managing Director Greater China for Goodman, said, “We are very pleased with the leasing progress at our new development and would like to extend a warm welcome to Leyou. The recent leases we have signed highlights the quality of Goodman’s logistics facilities and our ability to provide the best warehousing solutions for our customers from a variety of industries.”

“We continue to see strong demand for prime logistics space in Tianjin, driven by growing domestic consumption, manufacturing and e-commerce. Leasing demand has also spilled over from Beijing, where there is a lack of supply within the market. This is providing Goodman with significant opportunities from the development of further prime logistics facilities within the region and is reflected in our ongoing investment in this market to tap its vast growth potential.”

Goodman is expanding its footprint in China at a rapid pace. Currently the Group has more than 780,000 sqm of developments in progress in key cities including Shanghai, Tianjin, Chengdu, Chongqing, Langfang, Changzhou and Hefei, and a 800,000 sqm development target for the next 12 months.


For further information, please contact:

Wayne Huang
General Manager Operations, China
Tel + 86 21 6133 2014

Citigate Dewe Rogerson
Jasmine Yap
Co-Managing Director 
Tel +852 3103 0108

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