Thursday, 03 May 2012
Mr Philip Pearce, Goodman’s Managing Director, Greater China said, “We are extremely pleased to have maintained such strong occupancy in Hong Kong. This reflects the prevailing wide gap between demand and supply of prime industrial space in the city, which has been evident over the past few quarters.”During the March quarter, 1,036,510 sq ft of leasing transactions, comprising new leases and renewals, were completed. The new leases include an international cosmetics brand committing to two floors at Global Gateway. In addition, a number of existing third party logistics providers secured more space within the Goodman portfolio as they expanded their operations in Hong Kong.
The limited 79,000 sq ft of space available for lease at the end of the quarter, represents just 0.7% of the stabilised properties in Goodman’s Hong Kong portfolio.Mr Pearce said, “It is very encouraging that our customers continue to look to us for space as they plan the expansion of their business activities in Hong Kong. We maintain a positive view on the logistics market and the economy, and will continue to seek opportunities to grow our portfolio in the city.”
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