Goodman Hong Kong Logistics Fund Successfully Prices Inaugural Euro Medium Term Note Issuance

PR57055

HONG KONG, June 13, 2014 /PRN=KYODO JBN / --

   Goodman Hong Kong Logistics Fund (GHKLF or Fund) is pleased to announce that

it has successfully priced its inaugural US$400 million Euro Medium Term Note

issuance.

   The notes issuance was well supported by some of the strongest institutional

investors in the market and was over 4.5 times oversubscribed.

   The proceeds of the notes will be used to repay existing debt facilities.

   Philip Pearce, Managing Director Greater China for Goodman, said, "We are

pleased with the overwhelming response for the notes issuance and wish to thank

investors for their support. The notes issuance is an important step for GHKLF

to optimise its financing structure following the recent portfolio expansion.

It is consistent with GHKLF's debt strategy of extending debt maturities and

diversifying funding sources."

   "The over-subscription underscores investors' confidence in GHKLF's strong

fundamentals, which are underpinned by the Fund's leading market position in

Hong Kong, its quality portfolio and customer base, and the sponsorship and

management by Goodman Group," Mr Pearce added.

   As at 31 March 2014, GHKLF has an asset portfolio of HK$19.2 billion, making

it the leading and most diversified provider of modern warehouse and logistics

space in Hong Kong. GHKLF has been rated a "BBB+" long term corporate credit

rating by Standard & Poor's, with a "Stable" outlook.

   About Goodman

   Goodman Group is an integrated property group with operations throughout

Australia, New Zealand, Asia, Europe, the United Kingdom, North America and

Brazil. Goodman Group, comprised of the stapled entities Goodman Limited,

Goodman Industrial Trust and Goodman Logistics (HK) Limited, is the largest

industrial property group listed on the Australian Securities Exchange and one

of the largest listed specialist fund managers of industrial property and

business space globally.

   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

   For more information, please visit www.goodman.com.

   For further information, please contact:

   Goodman

   Elizabeth Gualtieri

   Marketing Director Asia (ex Japan)

   Tel: +852-2249-3173

   Citigate Dewe Rogerson

   Jasmine Yap

   Co-Managing Director

   Tel +852-3103-0108 / 9325-3363

   Crystal Yip

   Associate Director

   Tel +852-3103-0106 / 9720-6445

   SOURCE:  Goodman Group