Good year for Goodman

The development and management company’s strongest growth in the region was registered in Poland, where the Group doubled the size of its assets under management portfolio, to 607,000 sqm. Goodman now manages 47,000 sqm and 78,000 sqm in the Czech Republic and Slovakia, respectively. Its remaining 102,000 sqm is located in Hungary.

In its last financial year Goodman leased 113,000 sqm at existing CEE properties and committed to 192,000 sqm of new logistics space in the region. In terms of the planned logistics space Poland was the largest contributor with 166,000 sqm, of which 126,000 sqm has been pre-leased, mainly to new customers.

At the same time the company completed the construction of app. 338,000 sqm of warehousing space, the vast majority of which (328,000 sqm) was provided in Poland. The remaining 10,000 sqm was handed over at Goodman’s flagship development in Senec in Slovakia, where an additional 85,000 sqm of space can be delivered.

The Polish projects were driven by the completion of the 123,500 sqm facility leased to Amazon in Wrocław and the 82,400 sqm development leased to the Mousquetaires Group (Intermarché) in Poznań. The largest Goodman development to be delivered in the upcoming months is a 24,900 sqm warehouse for a leading FMCG distributor at Pomeranian Logistics Centre in Gdańsk.

Goodman also plans to deliver its first warehouses at three new logistics centres in Poland: Goodman Wrocław IV Logistics Centre, Goodman Poznań Airport Logistics Centre, and Goodman Gliwice Logistics Centre. Pre-lease commitments were coupled with speculative investments at these facilities, says the company.

In Hungary, Goodman aims to expand its portfolio through new developments at its land banks near Budapest. At the logistics centres in Gyál and Üllő, the developer has the capacity to construct a further 130,000 sqm of logistics space. The Group reached 100 pct occupancy in the Czech Republic and Hungary.

The company, which operates across Europe, the Asia-Pacific region, North America and Brazil, saw a 13.6 pct y-o-y increase in global assets under management, which reached EUR 20.9 bln in FY 2015.