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Goodman acquires 35 hectares of prime land in Northern France

Monday, 22 February 2016

Goodman Group (“Goodman” or “Group”), a global leader in the ownership, development and management of industrial real estate, has acquired 35 hectares of prime land in the strategic region of Nord-Pas-de-Calais. The agreement with Communauté d’Agglomération du Douaisis (CAD), the Urban Community of Douai, will enable the Group to develop up to 160,000 sqm of logistics space. 

Goodman plans to develop three buildings of 98,000 sqm, 37,000 sqm and 25,000 sqm of logistics space on the site located in Lambres-Lez-Douai. The Group will soon be applying for the building and user permits, thereby accelerating the development process for future customers. 

“Since developing our first property in the region for Amazon in 2012, Goodman has built a strong portfolio in one of the most important and fastest growing logistics regions of France,” said Philippe Arfi, Goodman Country Director for France. “This agreement will allow us to quickly meet customer demand for high-quality, strategically located logistics real estate.” 

The acquisition further strengthens the cooperation between CAD and Goodman. In 2012, Goodman acquired 46 hectares in Lauwin-Planque from CAD, where Goodman can still develop up to 60,000 sqm. The site in Lauwin-Planque is located a mere five kilometres from Lambres-Lez-Douai.  

Strategic location
The Lambres-Lez-Douai site is situated 40 km south of Lille and is in close proximity to the A1 highway (Paris-Lille), France’s main north-south transportation route. The site also benefits from easy access to other major highways allowing efficient logistics services across Northern France, Belgium and Luxembourg. 

Additionally, the new landbank is located adjacent to the Renault factory, providing a prime location for automotive logistics.  

Leading owner and manager 
Since 2012, Goodman has developed approximately 237,000 sqm of logistics space in the region, investing more than €130 million. The Group has provided solutions for companies in the ecommerce, retail and third party logistics sectors, namely Amazon, Log-S, Carrefour, E.Leclerc and Kuehne + Nagel. With the successful marketing and development of the land bank in Lambres-Lez-Douai, Goodman will have developed half a million sqm in the region. 

Goodman was advised by Le Breton & Associés on the transaction, and Allard Notaries advised the Communauté d’Agglomération du Douaisis.

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For further information, please contact Goodman:
Christopher Flores
Communications Manager CE
+32 2 451 42 08
[email protected]

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 investment vehicles, including its flagship European managed partnership: Goodman European Partnership (GEP), (recent rebrand of the Goodman European Logistics Fund). Through prudent investment management, quality assets and active property management, the Partnership provides its capital partners with stable income returns derived from investments in logistics assets. 

With total assets under management of €22.4 billion and 432 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 in 16 countries and 32 offices, Goodman has the global reach to meet customers’ needs as their businesses expand or evolve. In Europe, Goodman is present in Germany, the Netherlands, Belgium, Luxembourg, France, Spain, Italy, Poland, Czech Republic, Hungary, Slovakia, Sweden and the UK. 

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