Goodman Group is planning to develop a 190,000sqm French logistics centre in partnership with the Roissy-en-France Urban Area Community Council (CARPF) and local land developer RHEA.
The Goodman Logistics Centre Le Mesnil-Amelot, in the city of Le Mesnil-Amelot, will comprise of three separate buildings of 43,000sqm, 49,000sqm and 98,000sqm respectively, occupying a total area of 37 hectares.
The value of the transaction was not disclosed.
But Greg Goodman, Goodman Group’s chief executive of Goodman Group, told IPE Real Assets that the end value of the project would be worth “several hundred million euros”.
Goodman said it had taken some three years to put the deal together because of its choice location.
Planning permission for building and environmental permits will be filed in the first quarter of 2019 as Goodman prepares to meet the requirements of its prospective customers.
The director of Goodman France, Philippe Arfi, said, “This project at Mesnil-Amelot will be an opportunity for Goodman to provide our customers with leading-edge logistics facilities in a highly- sought after location, showcasing all of our expertise in the development of logistics centres around the world.”
Last week Goodman acquired a 10.3-acre logistics site, Bermuda Park, at Nuneaton in the Midlands in the UK.
The site will have up to 230,000sqft of distribution warehouse space. The project is earmarked for the Goodman UK Partnership, a logistics investment programme funded by Canada Pension Plan Investment Board and Dutch pensions group APG.