Goodman Group (Goodman or the Group) announced that it has entered into a co-operation agreement with Svensk Fastighetsfond AB (SFF), a real estate investment and asset management company based in Stockholm, as part of its plans to expand into the Nordic region.
The Group will establish a permanent platform based in Sweden, and will actively pursue development opportunities in key logistics markets in the region.
Goodman is the number one developer of logistics space in Europe and one of the world's leading property groups focusing on owning, developing and managing logistics and business space. The Group also offers a range of listed and unlisted property funds.
"Goodman currently has a presence in eleven continental European countries and our entry into the Nordic market is the logical step to serve our customers and investors in Europe. We are delighted to partner with SFF and I am confident that the combination of their local knowledge and our global expertise will be successful," said Danny Peeters, CEO Goodman Continental Europe.
"The Group as a whole, as well as the European platform, is in a strong financial position. We look forward to serving the needs of our existing and new customers in their demand for modern new logistics facilities in the Nordics," said Peeters.
Goodman will base its Nordic operations in Stockholm and will recruit a Country Manager in due course. The region is managed by Roger P. Peters, Regional Director Northern and Eastern Europe. He is confident that the development experience gained by Goodman in Sweden will be beneficial to expand its opportunities with existing customers such as Oriflame, Starco and DSV as well as with new customers.
In August, Goodman announced its results for the full year ended on June 30, 2012, with an operating profit of 374 million, which was a 21% increase on the financial year 2011. The Group has approximately 14 million m² of business space under management globally.
"We have built a strong competitive position, providing significant scope to explore a range of opportunities in the year ahead, including expanding our operating platform into the Nordics," said Danny Peeters.