Construction commenced in June and delivery is scheduled for December 2012. The new warehouse for UPS is an extension of Unit B and will be a multi-customer building, with a separate entrance for trucks and cars.

Goodman continues growth in Venlo with 10,000 sqm warehouse development for UPS

'Although there were a number of warehouses available in the area, our customer UPS chose Goodman to deliver a built-to-suit project  based on our extensive track record and our ability to deliver flexible logistics space in addition to our strong focus on customer service,' said Ruud Weijmans, Goodman's Country Manager for The Netherlands.

In line with Goodman's commitment to sustainability, the development will include a number of sustainable features including energy efficient T5 lighting; high levels of insulation in the roof and walls; windows in the cladding to allow optimal use of natural daylight; double glazed windows; infrared radiators and insulated dock levelers and dock doors.

Venlo Trade Park North is strategically located in close proximity to the A67 and A73 motorways. It is 10 km to the Venlo railway terminal and adjacent to the planned extension of the rail terminal in Venlo. The logistics park is 65 km from Duesseldorf Airport; 140 km from Schiphol Airport; 150 km from the Port of Rotterdam and 125 km from the Port of Antwerp.

Stephan Satijn, Alderman, Economic Affairs for the municipality of Venlo said: 'With more than five thousand hectares of logistics parks already developed or awaiting allocation, the Venlo region is booming. I'm very pleased that more and more companies are choosing to settle here. We have a lot to offer, such as good infrastructure, a logistics centre for Europe in the Netherlands, plenty of space and a favourable tax climate.'

Goodman has previously developed over 120,000 sqm of modern distribution logistics facilities for DSV, Stryker and Danone at Venlo Trade Park North. Upon completion the building will be acquired by the Goodman-managed fund Goodman European Logistics Fund (GELF), while Goodman continues as the asset and property manager.

Further information www.goodman.com