Goodman to build 2nd facility for Amazon in Germany

Global logistics operator Goodman has signed its second contract in four weeks to develop a 110,000 m² pre-committed logistics centre for online e-commerce provider Amazon. Goodman will develop the new facility in Graben, south of Augsburg in Germany.

The signing of this latest transaction coincides with Goodman commencing construction on the recently-announced 110,000 m² development for Amazon in Rheinberg, Germany and is now the sixth development project undertaken on behalf of Amazon in Europe.

'The signing of these two significant deals in four weeks demonstrates Goodman's robust growth in the first quarter of 2011 and further strengthens the group's position as the market leader in logistics real estate in Germany,' said Goodman's CEO for Continental Europe, Danny Peeters.

The Graben logistics centre will comprise around 110,000 m² of storage and office space. Construction is expected to commence shortly and delivery is planned to take place in the fourth quarter of 2011. Goodman acquired 185,000 m² of land in Graben for the project.

Goodman, through its managed funds, is the largest owner of logistics real estate in Germany with 1.5 million m² under management. In Germany, the company currently has over 343,500 m² of logistics space under construction across five projects, which corresponds to an investment value of around EUR 190 mln.