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Goodman

Purfleet 338 contract secured for Matrix

Kenneth Booth June 24, 2021

Matrix Networks has been appointed by Goodman to design and install multi-utility connections for the new Purfleet 338 logistics development at Purfleet Commercial Park in Thurrock. The Independent Connections Provider has been commissioned by its long-standing client following a competitive tender process to supply electricity, gas and water connections for

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Gazeley to Adopt GLP Brand in Europe

Kenneth Booth July 9, 2020

GLP Completes Acquisition of Central and Eastern Europe Logistics Real Estate Portfolio The completion of the acquisition of Goodman Group’s CEE portfolio will strategically expand GLP’s European presence to 11 countries Gazeley today announces that it is adopting the GLP brand name following its acquisition by the global investment manager

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GLP to Acquire Goodman Group’s Central and Eastern Europe Logistics Portfolio

Kenneth Booth April 8, 2020

GLP, a leading global investment manager and business builder in logistics, real estate, infrastructure, finance and related technologies, today announced that it has entered into an agreement to acquire Goodman Group’s Central and Eastern Europe logistics real estate portfolio, subject to regulatory approvals. GLP entered the European market in December

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Goodman Celebrated the Opening of Their Logistics Centre

Cristina Diaconu May 3, 2017

On the 26th April, Goodman celebrated the opening of their 80,000 sq. m. logistics centre. Goodman is one of the leading owners, developers and managers of logistical real estate around the globe. Goodman is also a part of the leading international fashion company Esprit. Goodman’s new logistics centre is located

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Latest Issue

BDC 319 : Aug 2024

Goodman

Goodman launches 500,000 sq ft of next-generation logistics space in M25 distribution hotspot+

Kenneth Booth February 8, 2022

Goodman completes 500,000 sq ft Crossways Commercial Park, Dartford M25-adjacent location places 10.4 million consumers within a 60-minute HGV drive-time, with a purchasing power of £268.1 billion* One of Goodman’s most sustainable UK developments and the first to feature full rooftop solar PV Properties available for immediate occupation To meet rising demand for sustainable logistics space with easy access to consumer markets, Goodman has launched a 500,000 sq ft site in M25 e-commerce hotspot, Dartford. This is the first of its UK portfolio to feature full rooftops of solar PV as it accelerates its commitment to low carbon technologies. Available for immediate occupation and comprising three high-specification units of 240,884 sq ft, 138,062 sq ft and 101,659 sq ft, Crossways Commercial Park offers state-of-the-art facilities for customers across retail, e-commerce and logistics. With direct access to Junction 1a of the M25, the site’s fast connections to London and the national motorway network place 10.4 million consumers within a 60-minute HGV drive-time with a purchasing power of £268.1 billion*. Kent’s excellent freight links to the Channel Tunnel, Port of Dover and London Thamesport also make the facilities ideal for businesses serving UK, European and international markets. Crossways Commercial Park is among Goodman’s most sustainable UK developments and is the first to feature a full rooftop array of solar photovoltaics (PV) across each building. The 2.2MW system will generate a combined annual power output of almost two million kWh – equivalent to removing 435 tons of carbon from the atmosphere or planting 20,727 trees. Designed to support customers decarbonise their operations, Crossways Commercial Park features solar thermal hot water, solar heating for office areas and other sustainable features including electric vehicle (EV) charging points, infrastructure for EV fleets, rainwater harvesting and smart metering, to help monitor and reduce energy consumption. Delivered to a BREEAM ‘Excellent’ specification and achieving an A+ energy rating, each building also features a carbon neutral cladding system, designed to meet ‘chill-store’ and ambient product storage requirements. George Glennie, Development Director at Goodman, said: “Crossways Commercial Park is a prime example of Goodman’s global focus on delivering sustainable properties that utilise the latest innovations in design, construction and energy generation. “Not only is it our most sustainable property in the UK, but it sets a standard for future properties we will be developing. Its strategic location is also set to drive supply chain efficiencies for our customers, placing them closer to consumers which in turn drives down transport emissions.” The launch of Crossways Commercial Park also follows Goodman UK achieving a 5 Star Rating in the Development benchmark by GRESB, a leading sustainability assessment for the real estate sector.    Glennie added: “Through developments such as Crossways Commercial Park, we are realising our ambition to deliver properties that can meet our customers’ needs now and into the future.” Crossways Commercial Park adds to Dartford’s reputation as a thriving distribution and supply chain destination, with more than 4,000 people employed in logistics and e-commerce**. Part of an established business park spanning 300-acres, the development offers customers excellent on-site amenities in an attractive, landscaped setting. Employees will also benefit from a range of dedicated public transport options, helping to support recruitment and staff retention. Gavin Cleary, CEO at Locate in Kent, said, “We welcome this outstanding new facility in Dartford. Goodman is not only meeting the demand for high quality, well connected space in Kent, but is also responding to the very strong desire from international companies to have sustainable, environmentally-conscious and future-facing facilities in the UK. “This investment once again demonstrates why Kent is perfectly placed for logistics and distribution companies wishing to expand operations and maximise their potential.” For further information and to enquire about Crossways 102, 138 and 241, please visit:  https://uk.goodman.com/properties-for-lease/crossways-commercial-park.

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Purfleet 338 contract secured for Matrix

Kenneth Booth June 24, 2021

Matrix Networks has been appointed by Goodman to design and install multi-utility connections for the new Purfleet 338 logistics development at Purfleet Commercial Park in Thurrock. The Independent Connections Provider has been commissioned by its long-standing client following a competitive tender process to supply electricity, gas and water connections for the eight-hectare site located within half a mile of junction 30/31 of the M25. Matrix Networks will be installing a 11kV, 4MVA metered electricity supply, medium pressure gas main and a 1l/s water supply for the new commercial park, which will comprise 338,267 sq ft of strategically-located logistics space. The highly sustainable development will be delivered to a BREEAM ‘Excellent’ specification and will include roof-mounted solar photovoltaics (PV), solar thermal hot water, rainwater harvesting, infrastructure for electric vehicle fleets and smart metering, helping customers to achieve energy and cost savings. Rob Sparkes, Matrix Networks Group CEO, said: “We’ve worked with Goodman since we were first established in 2007. We value our long-standing relationship with them and continue to work hard to deliver on our promises, working closely with their consultant team. “Purfleet 338 is a fantastic win for us, and we’re pleased to be associated with a development which so clearly has sustainability at its heart. While we’re responsible for installing the multi-utility infrastructure required to bring this development to life, we’ll be doing so in the knowledge that on-site energy consumption will be considered by all users.” George Glennie, Development Director Goodman UK, added: “Purfleet 338 represents our commitment to delivering sustainable infrastructure for a growing industrial and logistics market. “Designed for those operating across e-commerce, retail and third-party logistics, where connectivity is crucial in distributing products to increasingly time sensitive consumers, it will provide high-quality and well-located space to serve customers across London and the South East.” Matrix Networks is due to start utility-infrastructure works on site in the Summer, working to achieve energisation by Spring 2022. www.matrixnetworks.co.uk @matrix_networks

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Goodman commences 250,000 sq ft second phase at Bedford Commercial Park+

Kenneth Booth February 18, 2021

Goodman has broken ground on 250,000 sq ft of prime distribution and logistics space at Bedford Commercial Park. Work commences on a further 250,000 sq ft of prime distribution and logistics space at Bedford Commercial Park Phase two of development follows leasing of 407,143 sq ft distribution warehouse and completion of i-Worx innovation units Strategic location at heart of Oxford-Cambridge growth corridor to provide customers with access to 32 million consumers within a two-hour drivetime*  The high-specification units consisting of 130,000 sq ft, 50,000 sq ft, 40,000 sq ft and 30,000 sq ft respectively, will see Goodman deliver prime industrial and warehousing space available for occupation from Autumn 2021. Adjacent to the A421 – just seven miles from the M1 and 12 miles from the A1 Black Cat Roundabout – the mixed-use development boasts excellent connectivity and access to a population of 15,400 seeking work within a 30-mile catchment area.* Work on the latest units follows Goodman’s completion and leasing of Bedford 405, a 407,143 sq ft cross-docked warehouse at Bedford Commercial Park. Delivered as a joint venture with Bedford Borough Council, the wider development includes bespoke design and build opportunities and 12 advanced technology and engineering units, forming part of the Council’s i-Brand initiative. Nigel Dolan, Development Director at Goodman, said:  “We’re pleased to begin work on the next phase of development at Bedford Commercial Park. These latest units form part of our ongoing commitment to invest in high-specification, efficient and sustainable spaces in strategically-placed locations, providing customers with access to a large consumer-base and potential workforce. “Combining quality and location, customers will be able to strengthen their presence at the heart of the Oxford-Cambridge growth corridor and benefit from close proximity to London, Cambridge and Milton Keynes, as well as links to key roads, airports and ports.” Located within a landscaped park environment complete with cycle links, extensive woodland planting and a community orchard, Bedford 130, 50, 40 and 30 reflect Goodman’s focus on sustainability, energy efficiency and reducing carbon emissions.  The buildings will feature solar photovoltaic technology, electric car charging points, smart metering and a carbon neutral cladding system – all designed to a BREEAM (Building Research Establishment Environmental Assessment Method) ‘Excellent’ standard. Dave Hodgson, Mayor of Bedford Borough Council, added: “Goodman’s ongoing commitment to Bedford Commercial Park, and delivering quality space for businesses to thrive, is testament to the confidence they – and their customers – have in the area. The fact that through this next phase of development, Goodman will deliver a mix of units while all being built to its well-known high standards, will help to attract a range of customers from industries such as logistics, engineering, aviation and manufacturing. “Bedford Borough Council has proactively brought its land interest forward, in conjunction with developer partners, to deliver high quality commercial space which has successfully attracted business inward investment and created new job opportunities for local people. “We look forward to seeing Goodman’s latest investment support the continued growth of the Borough as more look to benefit from its strategic location, offering new opportunities to people in the area.”  The contractor delivering this latest phase for Goodman at Bedford Commercial Park is Readie Construction. Agents marketing the scheme are JLL and Adroit Real Estate Advisors. For further information and to enquire about the Phase 2 opportunities, please visit the property page for more details. 

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Goodman given green light for M25 340,000 sq ft prime e-commerce and deliveries site

Kenneth Booth August 28, 2020

Purfleet 338 Will Include 29,000 Sq Ft of Offices Green light granted for one of the largest warehouses available within the M25, meeting demand for quality logistics space close to the Capital Customers to benefit from access to a skilled workforce, including 1.6 million qualified locals1 Planning has been granted for a high specification 338,267 sq ft single unit warehouse at Purfleet Commercial Park, Essex.  Available to pre-let with the ability for an immediate start on site, Purfleet 338 is just 16 miles from Central London and at the heart of the M25 and A13 corridors, providing excellent connectivity across Greater London and the South East.  This location has prime access to the national motorway network, only half a mile from junctions 30 and 31 of the M25. This sees it able to efficiently service potential e-commerce, retail and third-party logistics customers, with capability of reaching 21 million consumers, with a combined purchasing power of £453 billion per annum2, within two hours.  Purfleet 338 also benefits from a sizeable base of potential employees – with 9,300 job seekers within a 30-minute radius and access to 1.6 million locals with qualifications relevant to logistics and distribution.     The warehouse will be developed to a BREEAM ‘Excellent’ specification and will include more than 29,000 sq ft of high quality office space. Sustainably designed and energy efficient, the property will feature electric car charging points and infrastructure for future electric vehicle fleets, solar thermal heating and hot water, and carbon neutral cladding. The wider park has been designed to meet the business, health and wellbeing needs of Goodman’s customers with outdoor seating alongside a pond, mature landscaping, and a delineated running track. George Glennie, Development Director at Goodman, said:  “Purfleet 338 sees Goodman continuing our commitment to provide critical infrastructure for delivery of essential goods and services.  “With this new development, we will further connect our customers with their consumers both in the Capital and wider South East region, helping them meet growing expectations for faster deliveries.” Purfleet 338’s plans also include an 18 metre clear internal height, 55 metre yard depth, 4MVA of power and a cladding system designed to meet chill-store requirements – offering customers flexibility in usage while maximising operational efficiency.   Glennie continued: “Goodman focuses on securing key sites for properties that stand the test of time. We know that well located, designed and managed properties are better prepared for the challenges of tomorrow. Our Purfleet investment allows for rising demand in flexible, high-specification spaces that support supply chain efficiencies.”    To find out more about Purfleet Commercial Park, please visit the website for further details. Joint agents marketing the scheme are Cushman & Wakefield and JLL.

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HelloFresh grows UK operation with Goodman at new Nuneaton production facility

Kenneth Booth August 13, 2020

HelloFresh signs lease for 230,384 sq ft distribution warehouse New production facility to enable UK growth for the world-leading meal kit company Prime location to provide access to 55.9 million consumers in four-hour drivetime1   The leading global provider of fresh food at home, HelloFresh, has leased 230,384 sq ft of high-quality logistics space at Goodman’s Nuneaton 230 development. Headquartered in Berlin, the company produces and delivers meal kits that allow consumers to cook home-made, healthy meals with no preparation, shopping or hassle.   Its new Nuneaton site will become HelloFresh’s second UK production facility, supporting its continued success in the UK. With strong results in the market pre-COVID-19, the exponential growth of food deliveries during lockdown and a growing demand for fresh meals to enjoy at home has accelerated expansion.   The location will receive produce and packaging from local and national suppliers, assembling the fresh ingredients in the meal kits and distributing these to consumers across the country. The site’s excellent connectivity, which places 55.9 million consumers within a four-hour drivetime, makes the location ideally suited to national fulfilment and fresh food delivery.  HelloFresh delivered more than 280 million meals in 2019, reaching over four million customers in the last quarter. It is one of the largest players globally in the meal kit market, now operating in thirteen countries across three continents.  It joins a number of leading retailers, manufacturers and third-party logistics providers at this established industrial and distribution hub – including supply chain specialists XPO and Unipart, automotive manufacturer Renault Trucks, and food and drink wholesaler Bestway.  Nigel Dolan, Development Director at Goodman, said:  “We’re proud to welcome HelloFresh to our Nuneaton 230 development. Its innovative business model leads the way in both the healthy home cooking and subscription service revolution and we’re pleased to be able support the growth of its UK production and fulfilment network.” In line with HelloFresh’s commitment to the highest quality fresh produce, the facility will provide frozen, chilled and ambient storage capacity, and highly flexible warehouse space to suit its production and packing methods. Nigel continued:  “With the development now complete, we look forward to seeing HelloFresh benefit from the property’s best in class specification, combined with its excellent transport links and local employment opportunities. These include a large labour pool consisting of three million people within 20 miles of Nuneaton town centre, with Bermuda Park railway station directly serving the site and providing a great option for employees to travel to and from work.”  Councillor Julie Jackson, Leader of Nuneaton & Bedworth Borough Council, said:  “We’re thrilled to see Goodman welcome HelloFresh to this prime logistics development at Bermuda Park, living up to its promise of delivering a quality space for business that takes advantage of our excellent connectivity.  “The development supports our Transforming Nuneaton initiative with Warwickshire County Council, geared at driving economic growth, attracting additional investment and realising new business opportunities for the local area. We’re excited to see HelloFresh benefit from the rich employment opportunities and prime position of Bermuda Park.” 1 Source: Esri and Michael Bauer Research, 2019

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Gazeley to Adopt GLP Brand in Europe

Kenneth Booth July 9, 2020

GLP Completes Acquisition of Central and Eastern Europe Logistics Real Estate Portfolio The completion of the acquisition of Goodman Group’s CEE portfolio will strategically expand GLP’s European presence to 11 countries Gazeley today announces that it is adopting the GLP brand name following its acquisition by the global investment manager in 2017. In addition, GLP announces that it has closed on the acquisition of Goodman Group’s Central and Eastern Europe logistics real estate portfolio. GLP currently has US$7 billion of assets under management across the UK, Germany, France, Spain, Italy, Poland and the Netherlands. The addition of this unique, high-quality portfolio spread across Poland, Czech Republic, Slovakia and Hungary expands GLP’s European presence to 11 countries placing it within a select number of logistics real estate investors with a truly pan-European platform. Nick Cook, President, GLP Europe, said: “Since entering the market in 2017, GLP has strategically expanded its presence across Europe to meet investor demand and support its disciplined pan-European growth strategy. We believe attractive macroeconomics, urbanisation, e-commerce growth and proximity to major distribution hubs across Europe are helping to drive Central and Eastern Europe’s logistics real estate market.” The acquired portfolio is concentrated on key logistics routes across the region with access to growing markets for e-commerce and distribution. It will bring a number of new customers into the business and allow it to better support existing customers with their expanding supply chain requirements across Europe. To support the acquired portfolio and the Company’s growth in the region, Goodman Group’s Central and Eastern European local teams will join GLP’s European business. Over the last 30 years, Gazeley has built a strong reputation as one of the leading investors and developers of logistics warehouses across Europe. Initially starting as a merchant developer as part of Walmart, the business has expanded its presence across the UK and subsequently Europe under several ownership structures. Since GLP acquired Gazeley in 2017 to enter the European logistics real estate market, the European business has doubled in size from an AUM, geographic footprint and people perspective, strengthening the team with several significant and strategic hires along the journey. By fully embracing what it means to be GLP, the business is uniquely placed to stay ahead of the market by opening up new opportunities, smarter innovations and accessing a larger global network. While the change will bring a number of benefits, it won’t change the values or how the company operates. The goal is to enhance its offer, simplify its communications and deepen the relationships that have been built. Nick Cook, President, GLP Europe, said: “Since we became part of GLP in 2017, we have experienced unprecedented growth not only in our existing markets, but we entered six new countries. Adopting the GLP name is a natural evolution for the business as we look to continue this expansion. GLP’s name is synonymous with forward-thinking, technology-led logistics real estate and this change reflects our commitment to using that expertise combined with our local market knowledge to enhance our offering in Europe. We are better together, and stronger than ever” “We also look forward to welcoming our new colleagues to the team who will be critical in helping us expand our reach in Europe and beyond. The completion of this transaction is symbolic of our recent growth and ambitions for the next period. I’m proud to have been part of Gazeley journey and look forward to taking the business forward in its next chapter as GLP.” Kirkland & Ellis served as legal counsel to GLP, with Greenberg Traurig and Kinstellar providing local legal advice. Cushman & Wakefield served as advisors to GLP and Goldman Sachs and Citi have committed to finance the acquisition.

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GLP to Acquire Goodman Group’s Central and Eastern Europe Logistics Portfolio

Kenneth Booth April 8, 2020

GLP, a leading global investment manager and business builder in logistics, real estate, infrastructure, finance and related technologies, today announced that it has entered into an agreement to acquire Goodman Group’s Central and Eastern Europe logistics real estate portfolio, subject to regulatory approvals. GLP entered the European market in December 2017 through the acquisition of Gazeley, a developer, investor and manager of European logistics warehouses and distribution parks with a 2.4 million sqm portfolio across the UK, Germany, France, Spain, Italy, Poland and the Netherlands. The addition of this unique, high-quality portfolio that is spread across Poland, Czech Republic, Slovakia and Hungary will expand GLP’s European presence to 10 countries and it will join a select number of logistics real estate investors with a truly pan-European portfolio. The acquired 2.4 million sqm portfolio is concentrated on key logistics routes across the region with access to growing markets for e-commerce and distribution. It will bring a number of new customers into the business and allow it to better support existing customers with their expanding supply chain requirements across Europe in Poland, Czech Republic, Slovakia and Hungary. In addition, Goodman Group’s Central and Eastern European approximately 40-person team working in the region will join GLP’s European team, Gazeley, upon completion of the transaction and will support the Company’s growth across Europe. The acquisition of the portfolio follows a broader European expansion since GLP entered the market at the end of 2017. In the past year, it has opened offices in both Spain and Italy following of a number of development opportunities. Nick Cook, Chief Executive Officer, Gazeley, said: “This deal is a very exciting part of our European growth strategy. The scale and geographic footprint of the portfolio is highly complementary to our existing business and offers us compelling opportunities for growth in a number of important European markets.  We are confident that the addition of this portfolio will support us in delivering further value to investors and our customers.  We very much look forward to welcoming the team, its customers and partners to Gazeley in the coming months.” Kirkland & Ellis served as legal counsel to GLP, with Greenberg Traurig and Kinstellar providing local legal advice. Cushman & Wakefield served as advisors to GLP and Goldman Sachs and Citi have committed to finance the acquisition.

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Goodman Celebrated the Opening of Their Logistics Centre

Cristina Diaconu May 3, 2017

On the 26th April, Goodman celebrated the opening of their 80,000 sq. m. logistics centre. Goodman is one of the leading owners, developers and managers of logistical real estate around the globe. Goodman is also a part of the leading international fashion company Esprit. Goodman’s new logistics centre is located in Mönchengladbach, Germany. This new facility has been created in order to expand the existing 53,000 sq. m. property that is currently occupied by Esprit. This property is operated by the Fiege Group. It is thought that the new expanded facility will be able to supply Esprit’s own stores as well as other wholesale customers across Europe. Esprit has worked to comprehensively optimize a lot of their internal processes as a part of the transformation process connected to the new logistics centre. The business has restructured in order to ensure the best possible efficiency in the logistics of the company. By expanding the spaces available in the logistics centre the company is better able to restructure their logistics operations. After the new extension the German logistics centre covers 133,000 sq. m. and the site also includes special equipment and design features that includes a mezzanine space that measures 24,000 sq. m. as well as four cargo lifts ad 80 loading gates. This new Mönchengladbach centre is the result of consolidating several different regional warehouses and will be the future home of the company’s Europe-wide distribution. The retail industry is currently challenged by shorter product life cycles as well as extended product lines, changing shopping habits and competition in order to offer the fastest delivery options. These challenges can impact the logistics systems of Goodman, so being able to restructure can allow their customers to meet these demands as well as prepare the business for future challenges. Goodman’s logistics service partner, Fiege, will carry o running the operations at the logistics centre. In order to do this, Fiege will be increasing the number of employees at the centre to about 750.

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