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Goodman announces construction completion of a 33,000 sqm logistics facility developed for Nippon Express in Moriya City, Japan

Wednesday, 21 December 2011

TOKYO, 21 December 2011 — Goodman today announced that Goodman Moriya, a 33,000 sqm logistics facility purpose built for Nippon Express in Moriya City, Ibaraki Prefecture,
has achieved construction completion. To celebrate the success of the project a completion ceremony was held on site on 19 December 2011.


Goodman recommenced its development program in Japan with the acquisition of this property in October 2010, following a period of inactivity due to the effects of the global financial crisis on customer  demand.  Prior  to  acquiring  the  land,  Goodman’s  in  house  leasing  experts  secured Nippon Express on a 10 year lease tailoring the design of the facility to meet their specific needs.

The property is ideally situated in Moriya City, enabling Nippon Express to provide same day and next day services to its clients across Greater Tokyo. It is perfectly suited for use as a document logistics hub, with its location approximately 50 kilometers north-east of Tokyo on the Joban Expressway, and providing easy access to the Saitama, Tokyo, Chiba and Ibaraki Prefectures.

The facility consists of two four storey reinforced concrete buildings with its purpose-built design including high ceilings and increased floor loading to facilitate the efficient storage of paper documents. The facility is also equipped with an uniquely designed high security area for storage of specialized cargo and perimeter fencing to ensure the high-level safety and security of the site.

Commenting on the completion ceremony, Makoto Kurihara, Goodman Japan’s Senior Managing Director in charge of Investment and Development said “Despite the short lead time we were confident of Hazama Corporation’s capability to deliver on time and to our highest quality standards. We would also like to thank Asai Ken Architectural Research Inc for their excellent design and support services during the development period”.

Goodman Japan President and CEO, Paul McGarry commented “The completion of this project is a significant milestone for us in Japan, being the first new project completed since rebranding the business to Goodman, with the facility prominently featuring the new brand. Following the rebranding and integration of the Japan business we are significantly ramping up our development program in Japan. In October, we announced the acquisition of a 60,000 sqm prime parcel of land in Osaka Bay with a plan to commence construction of a 130,000 sqm facility on that site in mid 2012. Additionally, we also have a number of other new, high quality development projects currently under consideration for acquisition in the near future”.

Nippon Express commented “We are exceptionally happy with the development that Goodman Japan has undertaken for us at Moriya. Goodman is a global leader in logistics property development and management with a unique understanding our local needs in the global markets in which we both operate. We are very pleased to work with Goodman in Japan and in a number of global markets as far and wide as Australia, China and continental Europe”.

For further information please contact: Mari Tokaji
Assistant Manager
Central Executive Goodman Japan Limited Tel +81 3 6910 3341

About Goodman Group

Goodman Group is an integrated property group with operations throughout Australia, New Zealand, Asia, Europe and the United Kingdom. Goodman Group is the largest industrial property group listed on the Australian Securities Exchange and second largest specialist fund manager of industrial property and business space globally. Goodman currently has over JPY1,400 billion of assets under management.

Goodman’s global property expertise, integrated own+develop+manage customer service offering and significant fund management platform ensures it creates innovative property solutions that meet the individual requirements of its customers, while seeking to deliver long-term returns for investors.