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Goodman to invest under growth plan
By Cao Qian |
June 7, 2012, Thursday
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Print Edition
Print Edition
THE Goodman Group, which owns, develops and manages industrial space, plans to invest at least another 2.1 billion yuan (US$332 million) in China over the next 12 months as it expands across the country.
The company which has already invested 3.2 billion yuan in China as of this month, wants to add another 600,000 square meters over the coming 12 months to its current portfolio of around 400,000 square meters in the Chinese mainland, said Philip Pearce, managing director for Goodman's China operations, yesterday.
"We remain optimistic on China's growth outlook, which we expect to be the main driver of global economic growth over the next five years," Pearce said.
"Demand for modern logistics space will continue to surge in tandem with the rise in household income as well as the country's urbanization process, particularly boosted by the rapid development of e-commerce," Pearce said.
The company which has already invested 3.2 billion yuan in China as of this month, wants to add another 600,000 square meters over the coming 12 months to its current portfolio of around 400,000 square meters in the Chinese mainland, said Philip Pearce, managing director for Goodman's China operations, yesterday.
"We remain optimistic on China's growth outlook, which we expect to be the main driver of global economic growth over the next five years," Pearce said.
"Demand for modern logistics space will continue to surge in tandem with the rise in household income as well as the country's urbanization process, particularly boosted by the rapid development of e-commerce," Pearce said.
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