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Log'Solutions awards Goodman the development of 30,000 sqm logistics facility at Lauwin- Planque, northern France

Monday, 25 November 2013

Goodman, the global property group that owns, develops and manages logistics and business space, today announced the development of a new 30,000 sqm logistics facility at its Lille-Douai Logistics Centre in Lauwin Planque. The project will be undertaken for third party logistics provider, Log'Solutions (Grimonprez Logistics). The new facility is the second development to be undertaken by Goodman at Lille-Douai Logistics Centre within the last 12 months. The property for Log’Solutions will be adjacent to the 90,000 sqm warehouse that Goodman developed for Amazon.

Log'Solutions’ is expanding its existing logistics capabilities in northern France due to increased demand from the growth in e-commerce, which is at the heart of their business. The Group awarded Goodman the development of the 30,000 sqm logistics facility, which has the potential for 6,000 sqm of additional space, enabling Log’Solutions to further expand its existing logistics capabilities in northern France.

"The new facility will strengthen our position in our home region north of Paris and enhance the range of services provided by Log'Solutions. We are particularly pleased with the support of Goodman’s teams in steering this project. We found that Goodman shared our values of availability, responsiveness, and customer focus,” Franck Grimonprez, President, Log'Solutions.

Goodman will develop the new building to match Log’Solutions’ specific requirements. By offering optimal storage space, with a new Grade A warehouse that will incorporate features such as 12m free height ceiling and autodocks, Goodman is well positioned to develop the warehouse as a long-term solution for their customer. Log’Solutions also required the development to be completed within a short time frame and the completion is scheduled for the end of the second quarter 2014. Crucially, Goodman had obtained the building permit and necessary authorisation to ensure the completed facility is able to be delivered ten months after being awarded the development project.

“We are very pleased to develop this 30,000 sqm turnkey facility for Log’Solutions at Lauwin- Planque. Goodman was selected to undertake this project because of our ability to respond accurately and efficiently to the needs of our customers, particularly in terms of our product offering, quality service, and delivery date reliability,” said Philippe Arfi, Goodman Director France.

In less than a year, Goodman has developed more than half of its Lille-Douai Logistics Centre. Two development sites, of 30,000 sqm and 60,000 sqm respectively, are still available for the development of modern logistics space. Significantly, Goodman can complete the development of the available sites within a ten month timeframe.

"We are delighted to conclude this latest project in Douai with Goodman, with whom we have collaborated in a spirit of trust for several years. The development confirms that Douai is well positioned to attract significant logistics projects and create employment opportunities,” concluded Christian Poiret, CEO of the Douai Urban Community.

Tostain & Lafineur advised both parties on the transaction.

For further information, please contact:

Nicolas Jehly
T +33 (0) 1 47 03 68 13 | M+33 (0) 6 85 34 45 94
nicolas.jehly@fticonsulting.com

About Goodman

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 industrial estates and warehouse and distribution centres.

Goodman also offers a range of listed and unlisted property funds, including its flagship European fund Goodman European Logistics Fund (GELF), giving investors access to a range of specialist services and property assets. Goodman works continually to build value in logistics property and fund management, with innovative new developments, and business and investment offerings.

With total assets under management of €16.7 billion and over 400 properties under management, Goodman is the largest industrial listed property group on the Australian Securities 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 1,000 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 and the UK.

For more information please visit:  www.goodman.com/fr