Press release
CBRE and Knight Frank Appointed as Joint Sole Agents Trophy en-bloc warehouse property with high-quality cashflow for Sale via Expression of Interest
Goodman Yuen Long Logistics Centre, 19 Tak Yip Street, Yuen Long, New Territories
October 28, 2025
Media Contact
Christine Tai
Associate Director, Marketing & Communications, Hong Kong
CBRE and Knight Frank have been appointed to sell a trophy en-bloc warehouse building – the Goodman Yuen Long Logistics Centre, located at 19 Tak Yip Street, Yuen Long, New Territories. The property boasts a gross floor area of approx. 322,000 sq.ft. (provided by the owner). Interested parties are invited to submit Expressions of Interest on or before Friday, December 12, 2025, at 12:00 noon.
The Property is 100% occupied by a blue-chip tenant and generates annual rental income of HK$62 million through a recently renewed long-term lease. Goodman has enhanced the Property with HK$40 million of building upgrades and maintained the facility to their exacting standards during their ownership.
The Property enjoys exceptional connectivity, with key transportation and logistics hubs, consumer clusters and the Greater Bay Area all within a 30-minute drive.
The Hong Kong logistics sector is poised to benefit from economic and population growth driven by the PRC government's Greater Bay Area development plan. This Property provides an investor with exposure to this highly sought-after growth sector, with the benefit of immediate, secure cash flows.
En-bloc industrial and warehouse properties in the Northern Metropolis area are rarely available for sale. The most recent comparable transaction was the sale of the Tsun Mee Industrial Building located at 8 Wang Yip Street East, a 2-minute walk from the Property. It was sold in June 2022 for HK$260 million , or approximately HK$6,548 per sq. ft., highlighting the scarcity of premium, high quality industrial properties in the Northern Metropolis.
Reeves Yan, Executive Director and Head of Capital Markets at CBRE Hong Kong, commented: “Goodman Yuen Long Logistics Centre represents one of the most distinguished en-bloc warehouse assets within the Northern Metropolis. The property is characterized by superior building specifications, a highly strategic location, and a premium tenant profile, positioning it among the top-tier offerings in the market. This marks the first time the asset has been made available for sale in 20 years, presenting a rare and compelling investment opportunity. Amid a shifting macroeconomic landscape - with interest rates expected to fall and borrowing costs becoming more affordable, investors are once again showing strong interest in top-quality industrial properties, especially those with stable and secure cashflows. We believe this sale will attract significant attention from both local, PRC and overseas buyers looking to invest in a rare and valuable industrial asset.”
Samuel Lai, Executive Director and Head of Industrial & Logistics at CBRE Hong Kong, added: “With the Hong Kong Government’s continued commitment to advancing the Northern Metropolis initiative, the region is poised for sustained growth in infrastructure, population, and economic activity. This momentum further reinforces Yuen Long’s strategic position as a key logistics hub within the territory. Demand for high-specification industrial assets remains strong, particularly those featuring generous ceiling heights, robust floor loading capacities, and comprehensive freight handling capabilities. Goodman Yuen Long Logistics Centre exemplifies these attributes, making it exceptionally well-positioned to meet the evolving needs of occupiers and investors alike.”
Russell Lam, Executive Director of Capital Markets at Knight Frank Hong Kong, said: “The Government’s latest Policy Address emphasizes its commitment to expediting the development of the Northern Metropolis. With the establishment of the Chief Executive-chaired Committee on Development of the Northern Metropolis and its proactive approach for industrial parks, innovation hubs, and cross-border economic collaboration, the investment appeal of en-bloc industrial assets is set to increase significantly.
The Government’s support for public-private partnerships, diversified financing models, and the setting up of industry park companies will attract more institutions and developers to acquire en-bloc industrial assets for conversion or redevelopment to support emerging industries. At the same time, streamlined planning and approval procedures, along with the introduction of industry-led incentive policies, are expected to boost overall demand for spaces in the Northern Metropolis, thereby enhancing asset liquidity and value. The Goodman Yuen Long Logistics Centre is well-positioned to capture these policy tailwinds and the formation of new clusters in regional development, offering investors a rare opportunity.”
For any enquiries regarding this Property, please contact:
CBRE Hong Kong
Reeves Yan, Executive Director and Head of Capital Markets (tel: +852 9463 9892) or
Samuel Lai, Executive Director and Head of Industrial & Logistics (tel: +852 9745 5263)
Knight Frank Hong Kong
Russell Lam, Executive Director of Capital Markets (tel: +852 9382 2202) or
Tracey Lee, Senior Consultant of Capital Markets (tel: +852 9101 2083)
Photos are for reference only.
Property Advertising Number:
CBRE: CBRE-CM-ADV3915
Knight Frank: HKCM2252
The Property is 100% occupied by a blue-chip tenant and generates annual rental income of HK$62 million through a recently renewed long-term lease. Goodman has enhanced the Property with HK$40 million of building upgrades and maintained the facility to their exacting standards during their ownership.
The Property enjoys exceptional connectivity, with key transportation and logistics hubs, consumer clusters and the Greater Bay Area all within a 30-minute drive.
The Hong Kong logistics sector is poised to benefit from economic and population growth driven by the PRC government's Greater Bay Area development plan. This Property provides an investor with exposure to this highly sought-after growth sector, with the benefit of immediate, secure cash flows.
En-bloc industrial and warehouse properties in the Northern Metropolis area are rarely available for sale. The most recent comparable transaction was the sale of the Tsun Mee Industrial Building located at 8 Wang Yip Street East, a 2-minute walk from the Property. It was sold in June 2022 for HK$260 million , or approximately HK$6,548 per sq. ft., highlighting the scarcity of premium, high quality industrial properties in the Northern Metropolis.
Reeves Yan, Executive Director and Head of Capital Markets at CBRE Hong Kong, commented: “Goodman Yuen Long Logistics Centre represents one of the most distinguished en-bloc warehouse assets within the Northern Metropolis. The property is characterized by superior building specifications, a highly strategic location, and a premium tenant profile, positioning it among the top-tier offerings in the market. This marks the first time the asset has been made available for sale in 20 years, presenting a rare and compelling investment opportunity. Amid a shifting macroeconomic landscape - with interest rates expected to fall and borrowing costs becoming more affordable, investors are once again showing strong interest in top-quality industrial properties, especially those with stable and secure cashflows. We believe this sale will attract significant attention from both local, PRC and overseas buyers looking to invest in a rare and valuable industrial asset.”
Samuel Lai, Executive Director and Head of Industrial & Logistics at CBRE Hong Kong, added: “With the Hong Kong Government’s continued commitment to advancing the Northern Metropolis initiative, the region is poised for sustained growth in infrastructure, population, and economic activity. This momentum further reinforces Yuen Long’s strategic position as a key logistics hub within the territory. Demand for high-specification industrial assets remains strong, particularly those featuring generous ceiling heights, robust floor loading capacities, and comprehensive freight handling capabilities. Goodman Yuen Long Logistics Centre exemplifies these attributes, making it exceptionally well-positioned to meet the evolving needs of occupiers and investors alike.”
Russell Lam, Executive Director of Capital Markets at Knight Frank Hong Kong, said: “The Government’s latest Policy Address emphasizes its commitment to expediting the development of the Northern Metropolis. With the establishment of the Chief Executive-chaired Committee on Development of the Northern Metropolis and its proactive approach for industrial parks, innovation hubs, and cross-border economic collaboration, the investment appeal of en-bloc industrial assets is set to increase significantly.
The Government’s support for public-private partnerships, diversified financing models, and the setting up of industry park companies will attract more institutions and developers to acquire en-bloc industrial assets for conversion or redevelopment to support emerging industries. At the same time, streamlined planning and approval procedures, along with the introduction of industry-led incentive policies, are expected to boost overall demand for spaces in the Northern Metropolis, thereby enhancing asset liquidity and value. The Goodman Yuen Long Logistics Centre is well-positioned to capture these policy tailwinds and the formation of new clusters in regional development, offering investors a rare opportunity.”
For any enquiries regarding this Property, please contact:
CBRE Hong Kong
Reeves Yan, Executive Director and Head of Capital Markets (tel: +852 9463 9892) or
Samuel Lai, Executive Director and Head of Industrial & Logistics (tel: +852 9745 5263)
Knight Frank Hong Kong
Russell Lam, Executive Director of Capital Markets (tel: +852 9382 2202) or
Tracey Lee, Senior Consultant of Capital Markets (tel: +852 9101 2083)
Photos are for reference only.
Property Advertising Number:
CBRE: CBRE-CM-ADV3915
Knight Frank: HKCM2252
About CBRE Group, Inc
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm and a premier provider of critical infrastructure services (based on 2025 revenue). The company has more than 155,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves clients through four business segments: Advisory (leasing, sales, debt origination, mortgage servicing, valuations); Building Operations & Experience (facilities management, property management, flex space & experience, data center solutions); Project Management (program management, project management, cost consulting); Real Estate Investments (investment management, development). Please visit our website at www.cbre.com.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm and a premier provider of critical infrastructure services (based on 2025 revenue). The company has more than 155,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves clients through four business segments: Advisory (leasing, sales, debt origination, mortgage servicing, valuations); Building Operations & Experience (facilities management, property management, flex space & experience, data center solutions); Project Management (program management, project management, cost consulting); Real Estate Investments (investment management, development). Please visit our website at www.cbre.com.