Sydney-listed Goodman Group heads PropertyEU’s ranking of Top Developers for the second year running in terms of projects completed in Europe between 2010 and 2012. The number of developers that have collapsed since the global property bubble burst in 2007-2008 continues to grow. But some of the survivors are picking up steam, particularly in the logistics and industrial sector.
Sydney-listed Goodman Group heads PropertyEU’s ranking of Top Developers for the second year running in terms of projects completed in Europe between 2010 and 2012.
The number of developers that have collapsed since the global property bubble burst in 2007-2008 continues to grow. But some of the survivors are picking up steam, particularly in the logistics and industrial sector.
Together they accounted for no less than three of the top five - and four of the top 10 - developers in this year’s edition of the PropertyEU ranking of top developers in Europe. In fact, the company saw the overall figure for completed evelopments over the three-year period jump almost 50% year-on-year to 1,585,900 m2. The Australian logistics company also won the title in 2012 on the basis of completed projects between 2009 and 2011. Newcomer Panattoni Europe came in at second place with 37 completed projects in total. The bulk - or 24 of the total - are located in Poland, four in the Czech Republic and France, and five in Germany. A sizeable number are new Panattoni Parks or extensions including one at the Panattoni Park at Prague airport in the Czech Republic and in the Polish cities of Poznan and Lodz. Roughly half of the developments are built-to-suit projects for clients such as Pilkington and Tesco. Indeed, the Panattoni development for Tesco in Gliwice, Poland was the biggest project completed over the period at 57,000 m2. Panattoni is not the only developer in the ranking with a strong focus on Poland. Goodman likewise has Poland as well as Germany on its radar as does Prologis Europe which comes in at fourth place again this year with 501,734 m2 in completed projects. While Prologis held steady at number 4, the total of completed developments is 26% lower than the figure for last year. Prologis is also active in the Czech Republic, Slovakia and
has a handful of projects in France, Spain and the UK. A newcomer in the top 10 this year is CTP Invest. The Prague-based industrial developer rose three notches from last year’s ranking to end up in ninth position following a string of projects completed across the Czech Republic in the past three years. In total, the company completed 27 new business parks or extensions between 2010-2012 primarily in regional cities such as Brno, Pilzen and Ostrava. While the bulk of the developments involved new business parks, four involved an extension. The company, headed by Dutchman Remon Vos, is now gearing up to expand in Poland, Slovakia and Romania.
Logistics Goodman Group
Nr. 1 in overall ranking
CEO: Danny Peeters
Based: Sydney, Australia
Completed projects: 1,546,773 m2
Value: €1,072,909,385
Goodman also held onto 1st place overall in terms of square metres
Offices Bouygues Immobilier
Nr. 7 in overall ranking
CEO: François Bertière
Based: Paris, France
Completed projects: 272,520 m2
Value: €1,122, 522,000
Bouygues Immobilier also ranks 1st in terms of value in euros
Retail Multi Development
Nr. 3 in overall ranking
CEO: Heino Vink
Based: Gouda, The Netherlands
Completed projects: 495,200 m2
Value: € 1,121,690,000
Multi edged ahead of ECE in terms of completed square metres
Click on the link below for the full report on PropertyEU’s Top Developers ranking
