Goodman Group, the Australian-based developer of industrial space, recently broke ground the Goodman Huiyang Industrial Park in Huiyang, Huizhou city, the company’s flagship project in southern China.

The park is located within an hour’s drive from Shenzhen. A total of 232,644 sqm 2.5 million square feet of prime logistics space will be developed, with an estimated end value of RMB 934 million.

In addition to providing modern warehousing facilities, the industrial park is also seeking customers looking to establish regional distribution centers.

The project is to be undertaken in phases, with 70,330 sqm 800,000 suqare feet scheduled for completion by September 2016.

Goodman Huiyang Industrial Park is strategically located in the southern part of Huizhou city in Guangdong Province, within the Huiyang Economic Development Zone. It is in close proximity to the Huizhou port, and offers convenient access, via high-speed train and major expressways, to the key economic cities in the Pearl River Delta region.

“As we expand our footprint across China, we are excited to commence our first project in Southern China,” said Philip Pearce, Goodman’s managing director for greater China. “Given the excellent connectivity to land, sea and air transportation, and Goodman’s proven ability to meet customers’ specific requirements, we are confident that this project will be well received in the market.”

Goodman is also planning to develop Goodman Boluo Logistics Park, a second logistics and distribution facility in Huizhou city. With the first phase of 55,000 sqm 600,000 square feet scheduled for completion in September 2016, this development will comprise a single story warehouse, providing a total of 145,000 sqm 1.5 million square feet of premium logistics space. Located between Shenzhen, Dongguan and Guangzhou, Goodman Boluo Logistics Park’s connectivity to the major expressways places it within an hour’s drive of all three cities.

“Southern China is an important part of our strategic expansion plan and we aim to invest a significant amount of capital and resources here,” said Pearce. “With our strong track record globally and in China, we are well-positioned to benefit from the growing demand for prime logistics space in this region.”

Goodman currently has eleven developments underway in key cities including Shanghai, Nanjing, Shenyang, Tianjin, Chongqing, Chengdu, Wuhan, Xi’an, Suzhou, Qingdao, and Hefei. The group also has operations throughout Australia, New Zealand, Europe, the United Kingdom, North America and Brazil.