Goodman delivers a 50,000 sqm logistics facility to the Casino Group in Saint-Mard Goodman, the international integrated property group that owns, develops and manages logistics and business space, has announced the delivery of a 50,000 sqm logistics facility, at their Saint-Mard site, to the Casino Group.
The facility has a total net lettable area of 50,000 sqm (including 800 sqm of offices), and has been built on a 12-hectare plot. Construction works on the logistics centre commenced in September 2011 and were completed at the end of May 2012.
The warehouse contains a number of sustainable features
This is the fifth project that Goodman France has undertaken in the past 12 months, representing total new development space of more than 140,500 sqm. The Saint-Mard development was acquired by Goodman European Logistics Fund (GELF) in 2011, and will be managed by Goodman's in-house property services team.
The development of this project was made possible thanks to the involvement of the local stakeholders in the project, in particular RHEA, the developer of the park, the City of Saint-Mard and the Community of Communes of Goele and Multien.
Jean-Francois Mounic, Goodman's Regional Director Southern Europe, said: 'Goodman Group is pleased to announce the on-time delivery of the Saint-Mard facility to the Casino Group. This facility is emblematic of the built-to-suit solutions developed by Goodman, where the approach has always been to meet our clients' expectations with creative responses that are tailored to their individual needs. The speed of delivery and our sound financial position were decisive factors in our partners' final decision. These elements form the basis on which our market-leading position in the European logistics development market is founded.'
The Saint-Mard site can accommodate the development of more than 130,000 sqm of logistics space. It is located 30 km north of Paris, less than 12 km from the Roissy Charles-de-Gaulle airport and benefits from direct access to the N2 highway.
Goodman was assisted in this transaction by Lebreton & Associes and Cushman & Wakefield.
In line with Goodman's commitment to sustainability the warehouse contains a number of sustainable features.
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About Goodman in France
Goodman currently manages 24 property assets in France. The group owns and manages 21 logistics centres throughout France, which represent a total area of approximately 700,000 sqm, predominantly located on the Paris - Lyon - Marseille axis. Goodman also manages three 'new generation' business parks: Val d'Europe Business Park and the Air Park Paris-Sud both in the Paris region, and Parc Valentine Vallee Verte in Marseille.
About Goodman European Logistics Fund (GELF)
Goodman European Logistics Fund, FCP-FIS (GELF or 'the Fund') is a Luxembourg-based investment vehicle operating a EUR1.7 billion pan-European logistics real estate platform, spread over 11 countries. The Fund, managed by Goodman, focuses on high quality logistics and warehouse properties. GELF offers well-informed, institutional investors a right of first refusal over assets developed by Goodman Group in Continental Europe. GELF is now one of the largest unlisted European funds dedicated to logistics real estate.
Goodman is an integrated property group that owns, develops and manages logistics and business space across Continental Europe, the United Kingdom and the Asia-Pacific region. 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 EUR14.8 billion and over 390 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 850 staff and 32 offices in 16 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.
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