Goodman and Hölscher's Pallettenservice GmbH team up (DE)

Goodman, the integrated global property group which owns, develops and manages industrial and office space, today announced its 15,163 m² lease agreement with Hölscher's Pallettenservice GmbH.

The German service provider in pallet handling, landscaping architecture services and over-supply disposal services will occupy three of the four units of Goodman's multi-storage facility, as from March 1, 2009.

Goodman's Dortmund Logistics Centre is strategically situated in the center of Germany and offers excellent transport links to the major German highways and access to the German waterway network via the Dortmund-Ems channel. The facility has a total surface area of 21,607 m², offering 19,784 m² of warehouse space, as well as mezzanine space and first floor offices. Hölscher will use the facility as the German storage and distribution hub for one of its customers, a leading international home products retailer.

The agreement underscores the strength of Goodman's high-quality offering in Germany. Following the take up of 15,163 m² by Hölscher, Goodman European Logistics Fund's German portfolio, totalling 859,632 m², is now 99% leased. Kristof Verstraeten, Regional Director for Goodman in Germany confirms: "Goodman offers integrated solutions with high-quality assets and stable rents. We are pleased to have been able to respond to Hölscher's specific requirements with a total solution."

Goodman's European Logistics Fund also today announced the renewal of a series of lease agreements in Germany totalling 101,026 m². Kristof Verstraeten: "We place the customer at the heart of our integrated service offering and this results in repeat customers and a high occupancy rate of our portfolio in Germany.

Overall, Goodman's European Logistics Fund owns and manages 26 properties in Germany, located in the main logistics hubs. The properties are modern logistics facilities with excellent transport connections. Among Goodman's largest customers are international logistics service provider Kühne+Nagel and online retailer Amazon. In Germany, Goodman also holds strategic land banks for new project developments in the Rhein-Ruhr, Munich and Kassel areas and in Berlin.

Source: Goodman

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