Goodman signs nine-year lease with Smurfit Kappa Group (BE)

Goodman Group has announced it has signed a nine-year lease agreement with Smurfit Kappa Group (SKG), on behalf of Goodman European Logistics Fund (GELF). The lease is for a 9,400-m² warehouse at Turnhout Logistics Centre.

SKG is a world player in paper based packaging with market leading positions in Europe and in Latin America. It is a new customer for GELF.

Kim Cornille Country Manager for Belgium said: "We are delighted to sign a long-term contract with Smurfit Kappa Group for this 9,400-m² warehouse at Turnhout Logistics Centre. It is always good to attract quality blue chip customers to our GELF portfolio.

"Our leasing and development success in Belgium this year, in what has been a challenging market, can be attributed to the high quality of our property portfolio coupled with an experienced and dedicated team that is committed to meeting the diverse needs of our customers," she said.

Goodman also has land available to develop an additional 8,000-m² warehouse at Turnhout Logistics Centre.

Turnhout Logistics Centre is directly connected with the E34 highway and is well positioned as a transit hub between Belgium, the Netherlands and Germany. It is close to the Port of Antwerp (40 km) and the Dutch consumer markets of Breda, Tilburg and Eindhoven.

Vincent Chaidron, MD, Smurfit Kappa Turnhout said: "We are happy to centralize our logistics activities at Goodman's Turnhout Logistics Centre which is close to our production facility in Turnhout."

Goodman recently commenced the construction of a 64,462 m² turnkey facility for Stanley Black & Decker at Tessenderlo, in Limburg Province. This is the largest logistics facility to be developed in Belgium over the past three years.

In June, the Group announced it was developing a 25,547 m² turnkey warehouse and distribution center at Puurs, for Duvel Moortgat, an independent producer of speciality beers such as the premium brands Duvel and Vedett. The facility will be handed over before the end of the year.

Source: Goodman

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