Goodman, a global leader in the ownership, development and management of industrial real estate, has been named the top real estate developer in Europe for the fourth consecutive year by Property EU. Over the last three years, Goodman has developed nearly two million sqm of new space and is currently constructing more than 800,000 sqm across Europe.
Property EU ranks developers according to completed and current construction projects as well as a company’s development pipeline. Goodman’s robust development activity was mainly driven by its leading position as the top developer for e-commerce logistics, as well as by the growth in the automotive, retail and third party logistics sectors. Across the portfolio, the growth in assets under management mainly consisted of pre-lease agreements for a range of built-to-suit projects.
“Our increase in development volume compared to last year is a strong endorsement by our customers of the quality of our properties, market knowledge and our customer-orientated service,” said Philippe van der Beken, Goodman Managing Director for Continental Europe. “To maintain our positive momentum, we will continue to focus on offering our customers the best value on the market.”
Strong momentum across Europe
In 2014, Goodman delivered some of the biggest projects in Europe, such as the 123,000 sqm fulfilment centre for Amazon in Poland, which was the Group’s 13th project for Amazon in Europe since 2006. Additionally, Goodman nearly doubled the size of its development for Zalando in Mönchengladbach, Germany, from 78,000 sqm to 134,000 sqm, making it the largest e-commerce facility in Europe. In Poland, Goodman delivered 122,000 sqm of space for the international retailer the Mousquetaires Group in Poznan and local retailer market-Detal near Konin.
Germany continues to be the Group’s most active market in Continental Europe, with 16 new development projects signed in past nine months. Among the highlights, Goodman kicked off its Interlink Hamburg project with two aerospace customers: Airbus and Diehl Comfort Modules. When current construction projects are complete, Goodman’s portfolio in Germany will be more than three million sqm of assets under management.
With the signing of two pre-lease agreements in 2014, Goodman also strengthened its growing market position in Poland with the construction of two new logistics centres in Wroclaw and Poznan. Moreover, the Group continued to grow its Krakow Airport Logistics Centre and the Pomeranian Logistics Centre in Gdansk, adjacent to the Gdansk Deepwater Container Terminal, with a mix of new pre-lease agreements and some uncommitted development.
Southern Europe has been gaining pace with the signing of a new development near Paris for French e-commerce giant, C discount, and a new development for DB Schenker at the Port of Strasbourg. Goodman also signed the largest development in years in the Barcelona region, with a 40,000 sqm distribution centre for Decathlon.
Goodman in the UK
Goodman has an impressive logistics operation in the UK. It has invested over £130 million in site infrastructure works across its UK land bank of over 800 acres and has 17 strategically-located sites capable of delivering over 16.5 million sq ft of bespoke development. Responding to the lack of quality supply in the UK, Goodman is speculatively developing 1.7 million sq ft in 13 logistics units across six schemes.
Over the last year, Goodman has completed construction of a 360,000 sq ft state-of-the-art distribution hub for the UK's fastest growing parcel delivery company, DPD, at Hinckley Commercial Park in Leicestershire. The £100 million development commenced in 2013 and will be fully operational by September 2015. Set over 32 acres, the facility was built for DPD under a pre-sale agreement with Goodman. Goodman also worked with one of the world’s leading logistics companies, Kuehne + Nagel, to deliver a fully fitted, state of the art, national distribution centre at Derby Commercial Park. The pre-lease development consists of a 589,518 sq ft warehouse and 14,553 sq ft office.
Across its portfolio and current construction projects, Goodman has implemented a number of cost-saving sustainability solutions designed to lower customer operating costs. Goodman is currently running a large scale LED assessment and implementation project and, when completed, the portfolio will comprise over 700,000 sqm of logistics space fitted with LED lighting. Additionally, more than one million sqm of space has been certified by various environmental agencies.
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