This article is from the Australian Property Journal archive
THE Goodman Group has picked up three new developments in Europe as demand for high quality logistics begins to improve.
Goodman has secured more than 45,000 sqm of pre-committed logistics developments, consisting of:
· 21,000 sqm at Munich Airport Logistics Centre in Germany;
· 17,000 sqm at ÜllÅ‘ Airport Logistics Centre in Hungary, and;
· 7,875 sqm at Venlo in the Netherlands.
Goodman Continental Europe CEO Danny Peeters said the group’s European development programme is moving forward and performing well.
“These new pre-committed developments further demonstrate our expertise and ability to deliver tailor made solutions for our clients in strategic locations across Europe.
“As conditions become more favourable, we are continuing to see a marked increase in enquiries from companies that are reviewing their existing business requirements and seeking high quality logistics and office space,” he concluded.
In Germany, construction has started for a 21,000 sqm bespoke warehouse at its Munich Airport Logistics Centre in Langenbach for leading transport and logistics provider DSV. Scheduled for completion at the end of July 2010, the Langenbach development marks DSV’s third lease agreement with Goodman in Europe.
In addition, Goodman has secured the option to develop an additional 15,000 sqm of logistics warehouse space on a site adjacent to the Munich Airport Logistics Centre.
The group also secured a new lease agreement with Oriflame in Hungary, as part of the second phase of development for the ÜllÅ‘ Airport Logistics Centre situated in ÜllÅ‘, south of Budapest. The leading Swedish manufacturer of high quality cosmetics has leased 16,000 sqm of warehouse space and an additional 1,000 sqm of office space. Construction began in February 2010, with an expected completion date in August 2010.
The ÜllÅ‘ site has significant future development potential which will be undertaken in phases. On final completion, the entire logistics centre will offer 155,000 sqm of high specification warehouse, office and amenity space.
And medical technology company, Stryker have committed to a new warehouse to be developed at Venlo in the Netherlands. The 7,875 sqm distribution centre, which has been designed to meet both environmental and economic sustainability criteria, will be one of the first buildings in the Netherlands to receive the internationally recognised BREEAM sustainability certification. Construction is scheduled for completion in November 2010.
Australian Property Journal