Goodman splashes $2bn on China

Industrial property giant Goodman Group has pumped almost $2 billion into developments across China, according to The Australian.

Goodman managing director of greater China, Philip Pearce, said the company hopes to have around 800,000sqm of work in progress across China within the next few months.

"We're well positioned to meet the growing demand for prime logistics space in this market where the shortage of supply is being driven by the scarcity of available industrial land. We have extensive resources, access to capital and a land bank in excess of 4 million sqm," Mr Pearce said, according to The Australian.

This week Goodman signed 95,000sqm of leasing and development deals in its China portfolio alone.