26 November 2012

Goodman to develop 90,000 sqm logistics centre for Amazon in Lauwin-Planque, France

- 10th facility to be developed by Goodman for Amazon in Europe 
- Goodman will continue as the property manager 
- Developed 106,000 sqm for Amazon in France at Orléans & Montelimar

26 November 2012 - Goodman Group, the global developer, investor and manager of logistics properties, today announced that it has signed a contract with Amazon, one of the world’s leading online e-commerce providers, to develop a 90,000 sqm logistics centre in LauwinPlanque, Nord-Pas-de-Calais, in France. 

The new development at Lauwin-Planque is the tenth facility to be developed by Goodman for Amazon in Europe. On completion of the warehouse, Goodman will continue as the property manager. 

The deal cements Goodman’s position as the leading developer and investor in e-commerce logistics space in Europe. Since 2006, Goodman has developed over 1 million sqm of warehouse space for global and local e-commerce companies across Europe. 

The logistics centre will provide 90,000 sqm of storage space and office space. Goodman acquired 170,000 sqm of land in Lauwin-Planque with good linkage to the A21 and A1 motorways.. 

Goodman has previously developed 106,000 sqm for Amazon in France at Orléans and Montelimar. Both developments were acquired by the Goodman managed Goodman European Logistics Fund (GELF) and the warehouses are managed by Goodman’s in house property services team. 

Jean-François Mounic, Goodman Regional Director Southern Europe said: “This is the third development that we have undertaken for Amazon in France. We were one of the first real estate businesses to recognise the potential of the e-commerce sector and this latest project demonstrates that our customers recognise our expertise in the development of high quality ecommerce logistics space.” 

Christian Poiret, CEO of the Douai Urban Community, said: “This development by Goodman represents a major boost for Douai. E-commerce is currently one of the fastest growing markets in Europe and we expect Amazon’s local presence to result in considerable job opportunities for Douai and the wider region.” 

This latest transaction is the second deal that Goodman has signed in France in the fourth quarter of 2012. The Group currently has over 120,000 sqm under development in France across two projects, and 750,000 sqm in assets under management

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 and North America. The Group invests in business parks, office parks, industrial estates and warehouse and distribution centres. 

With total assets under management of €16.2 billion and over 380 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. It has more than 900 staff and 34 offices in 17 countries. In Europe, Goodman has offices in Germany, the Netherlands, Belgium, Luxembourg, France, Spain, Italy, Poland, Czech Republic, Hungary, Slovakia and the UK. 

Source: Goodman