Retail in Asia

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Goodman seeks more projects in China

The burgeoning growth in online retailing and domestic demand in China has led Australian property group Goodman to seek further logistics and warehousing projects in Hong Kong and on the mainland, senior executives said on Tuesday.

Greg Goodman, the firm’s CEO, said: "We are looking at other developments [in Hong Kong] if we get the land at the right price."

Goodman said Hong Kong had seen a reduction in industrial space as sites were being redeveloped for residential use. "We believe there is shortage of land" for logistics-related developments, he said, echoing the views of transport consultants and logistics companies.

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(Source: scmp.com)