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Goodman completes Stage 1 of its US$1.5 billion Goodman Business Park and commences development of Stage 2 with positive leasing momentum

Wednesday, 6 April 2016

Goodman yesterday held an onsite ceremony to mark the completion of Stage 1 of Goodman Business Park, a large-scale, master-planned logistics and business park in Chiba Newtown, a strategic location with excellent transport connectivity in a vibrant and growing residential and business area. The ceremony was attended by Mr. Kensaku Morita, Governor of Chiba Prefecture and Mr. Masanao Itakura, Mayor of Inzai City who both gave congratulatory speeches.

Stage 1 of Goodman Business Park comprises a 116,000 sqm, 4-storey, high specification, multi-customer logistics facility, substantially pre-leased on completion to leading Japanese 3PLs and retailers.

With the strong customer demand shown for Stage 1, Goodman yesterday also announced the commencement of Stage 2 of the project which will comprise a 125,000 sqm, 4-storey, high specification, multi-customer logistics facility.

Summary of key features:

Goodman Business Park
                                                                              
+ Master-planned, multi-stage development accommodating a dynamic mix of complementary logistics and business users
+ Most affordable rents in Greater Tokyo for modern, high specification logistics and business space
+ Immediately adjacent to a growing, young, high population residential area providing an abundant catchment of local workers
+ Located inland on seismically stable land, 25 metres above sea level, resulting in a very low risk of business interruption from any natural disasters
+ Located inland on seismically stable land, 25 metres above sea level, resulting in a very low risk of business interruption from any natural disasters
+ High quality amenities planned including retail, restaurants, café, child care service, free share bicycle service and dedicated bus services to the nearest train stations
+ Brand new, wide estate roads ensuring congestion free access and left hand only turns for maximum safety

Paul McGarry, Chief Executive Officer of Goodman Japan said, "Our customers in Stage 1 of Goodman Business Park have been extremely impressed with the ease of hiring workers for their operations at the facility. The attractive location, combined with the unrivalled, high quality

Stage 1 (East Building)
                                                       
+ 116,000 sqm of modern, multi-customer logistics space
+ 4-stories with truck berths on all floors accessed by separate up and down ramps
+ Exceptionally high level of finish and employee amenity
+ Eco-friendly design including roof top solar panels, LED lighting throughout and shared bicycle system
+ Substantially pre-leased with strong customer enquiry on the remaining space

Stage 2 (South Building) 
                                                                     
+ Planned completion in early 2018
+ 125,000 sqm of modern, multi-customer logistics space
+ 4-stories with truck berths on all floors accessed by separate up and down ramps        
+ Flexible design and specification to meet customers’ requirements including custom racking, material handling systems and cold/chilled storage        
+ Exceptionally high level of finish and employee amenity        
+ Super high voltage electricity available                   
Goodman's Group Chief Executive Officer, Mr Greg Goodman said, "The strong customer demand for Goodman Business Park reflects the benchmark set by this project in delivering high specification, modern logistics space with an outstanding level of employee amenity at a very attractive price point. We are excited to now be commencing Stage 2, of what will be a US$1.5billion logistics and business park on completion".

-Ends

For further information, please contact:   Yoko Kashima 
Goodman Japan Limited 
Telephone +81 3 6910 3340

About Goodman  
For more information visit: www.goodman.com

About Goodman Japan  
For more information visit: jp.goodman.com/en

About Goodman Business Park 
For more information visit: goodmanchiba.jp/movie/english.html