Groundbreaking of Interlink, completion value HK$4 billion DHL Supply Chain and Yusen confirmed anchor customers

HONG KONG, March 4, 2010 - Goodman Group ("Goodman" or "Group") today hosted the groundbreaking for
Interlink, its landmark warehouse and distribution development in Hong Kong's
strategically important Tsing Yi port district. Valued at more than HK$4
billion (approximately A$600 million), Interlink is one of the largest
industrial development projects currently being undertaken anywhere in the
world and is one of the first major new Hong Kong warehouse projects in
nearly a decade.

When completed in January 2012, the 2.4 million sq ft (222,000 sqm)
development will be the fourth largest warehouse in Hong Kong. Designed to
high technical and environmental specifications, it will also be among Hong
Kong's most modern and efficient warehousing and distribution centres.

Over 1.2 million sq ft, approximately half of Interlink's total gross
lettable area (GLA) has been preleased and optioned to two leading global
logistics operators - DHL Supply Chain (Hong Kong) Limited ("DHL Supply
Chain") and Yusen Air & Sea Services (Hong Kong) Limited ("Yusen"). In
addition, Goodman is also in negotiations with other international logistics
players, equivalent to 77% of Interlink's GLA.

The groundbreaking and signing event was attended by approximately 150
people, including senior representatives from DHL Supply Chain and Yusen Air
and Sea Services. Speaking at the event, Mr Paul Graham, CEO DHL Supply Chain
Asia Pacific said, "The Goodman Group is one of the major real estate
partners for DHL Supply Chain and our total warehouse footprint with Goodman
in the Greater China and Oceania regions spans over 248,000 square meters."

Greg Goodman, Group Chief Executive Officer of Goodman said, "There is
significant pent-up demand in Hong Kong for efficient and modern warehousing
facilities. The signing of two such prominent and well-respected companies in
the logistics industry is testament to this and also the development's scale,
excellent location and its innovative and high specification of design.

Interlink marks a new milestone in the Group's commitment to Asia, and
our strategic expansion in Hong Kong and China.

Supply of efficient warehousing space in Hong Kong is increasingly
constrained as demand grows and existing buildings are converted to
residential and commercial use. Being strategically located for Hong Kong's
container ports, the International Airport and major highways to mainland
China, Interlink will introduce approximately 5% of prime new space to the
local market.

Mr Philip Pearce, Goodman's Managing Director, Greater China said,
"Located at the heart of Tsing Yi container port and built to Goodman's
environmental and construction standards, Interlink is designed to meet all
the needs of modern logistics operators. We are delighted that both customers
are consolidating their local high value-added logistics operations at
Interlink."

"Today's announcement marks a new milestone in our strong partnership
with the Goodman Group," said Paul Graham, Chief Executive Officer, Asia
Pacific, DHL Supply Chain. "Hong Kong is one of our key markets in Asia
Pacific and we remain confident in our growth potential here. As a high
quality facility, Interlink will enhance our operational efficiency and
capabilities in offering best-in-class supply chain solutions for our
customers. This will also ensure that DHL Supply Chain is well-equipped to
respond to our future business growth and customers' needs in this dynamic
region."

"As a company, we have 36 years of history and experience here in Hong
Kong, and we believe that Hong Kong's role will continue to grow in
importance in South China going forward. We are looking forward to seeing the
completion of Interlink, and to utilize the modern Interlink facility as the
base for our logistics service. The facility will serve as a means by which
we are able to satisfy our customers' needs, with our newly-renovated,
high-quality and reliable service," Mr Yasuhiko Nojima, Managing Director of
Yusen remarked.

Interlink will be built in compliance with both the HKBEAM (Hong Kong
Building Environments Assessment Method) and LEED (Leadership in Energy and
Environmental Design) environmental assessment methods, with the aim to be
the first of its type to obtain such accreditations and awards in Hong Kong.
"Besides business efficiency, this new facility is strategically aligned with
our GoGreen strategy. As the world's leading logistics company, we have taken
on a leadership role in mitigating the effects of our industry on the
environment and making a positive contribution to climate protection," added
Mr Graham.

About Goodman

For more information please visit www.goodman.com

    For further information, please contact:

    Goodman

     Besy Leung
     Marketing Director, Asia
     Tel: +852-2249-3149 / +852-6111-9452

    Financial Dynamics

     Elaine Chan
     Senior Vice President
     Tel: +852-3716-9878 / +852-9633-5463

     Peony Sze
     Associate Vice President
     Tel: +852-3716-9821 / +852-9809-6285

Besy Leung of Goodman, +852-2249-3149 or +852-6111-9452; Elaine Chan, Senior Vice President, +852-3716-9878 or +852-9633-5463; Peony Sze, Associate Vice President, +852-3716-9821 or +852-9809-6285, both of Financial Dynamics for Goodman