Goodman, the global integrated property group that owns, develops and manages logistics facilities and business parks, is developing a 32,200 sqm logistics facility, including 1,600 sqm of associated office space, which has been pre-leased to a major distributor in the Euroflory zone of Berre-l’Etang.
Construction of the new facility, on seven hectares, commenced in October 2012, with handover scheduled for summer 2013.
Additional land is available for expansion, with the ability to further extend the facility to potential total areas of 44,000 sqm and 62,000 sqm.
The facility developed by Goodman is situated in the heart of the Euroflory logistics area in Berre-l’Etang, 35 km from Marseille, less than 10 km from the Marseille-Provence International Airport, and 7 km from the A7 motorway.
This is the seventh project to be undertaken by Goodman in France in the past eighteen months and the first in the Provence-Alps-Côte d’Azur region bringing the total amount of development to over 265,000 sqm.
On completion, the building will be acquired by Goodman European Logistics Fund (GELF) and will continue to be managed by Goodman’s in-house property services team.
GSE will construct the building, having already brought its expertise to the table during the design process in view of the challenges that the site presented.
Jean-François Mounic, Regional Director for Southern Europe, said: “We are very happy to develop this new built-to-suit facility at Berre-l’Etang for our customer. Once again, Goodman’s commitment, capability and financial strength were major factors in securing our partner’s final decision, and in creating our leading position in European logistics development.”
Bertrand Chabanne, Commercial Manager of GSE, concluded: “The efficiency and the persistence of the team we established with Goodman helped us win this project. GSE was able to demonstrate its expertise in terms of the design and implementation of logistics facilities, given the technical complexity of the project owing to the steepness of the site, in conjunction with the option of expanding the facility.”
Goodman was advised by the notaries Oudot & Associés. The building was designed by MW Architecture.
Goodman is number one European developer
PropertyEU magazine has named Goodman as the number one developer in Europe for the second year in a row. The ranking, which appears in the March edition, is based on completed projects in sqm from 2010 to 2012.
For further information, please contact:
About Goodman European Logistics Fund (GELF)
T +33 (0) 1 47 03 68 13 | M+33 (0) 6 85 34 45 94
GELF is a €1.9 billion pan-European fund which manages a portfolio of 94 assets in 11 countries and boasts unparalleled performance metrics as demonstrated by a 98% occupancy rate and, a portfolio weighted average lease expiry (WALE) to first break of 5.0 years. For more information please visit: www.gelf.eu
Goodman is an integrated property group that owns, develops and manages logistics and business space across Continental Europe, the United Kingdom, the Asia-Pacific region, North America and Brazil. The Group invests in business parks, office parks, industrial estates and warehouse and distribution centres.
Goodman also offers a range of listed and unlisted property funds, giving investors access to a range of specialist services and property assets, and is working continually to build value in industrial property and fund management, with innovative new developments, and business and investment offerings.
With total assets under management of €16.5 billion and over 400 properties under management, Goodman is the largest industrial listed property group on the Australian Stock Exchange, and one of the largest listed specialist fund managers globally. Its market insight and dedicated local teams create sound investment opportunities and develop properties and environments that meet each client’s individual requirements.
With more than 970 staff and 36 offices in 18 countries, Goodman has the global reach to meet customers’ needs as their businesses expand or evolve. In Europe, Goodman has offices in Germany, the Netherlands, Belgium, Luxembourg, France, Spain, Italy, Poland, Czech Republic, Hungary, Slovakia, Sweden and the UK.
For more information please visit: www.goodman.com/fr