Goodman to develop an approx. 90,000 m² logistics center for Amazon in Lauwin-Planque (FR)

Goodman Group, the global developer, investor and manager of logistics properties, today announced that it has signed a contract with Amazon, one of the world's leading online e-commerce providers, to develop a 90,000 m² logistics centre in Lauwin-Planque, Nord-Pas-de-Calais, in France.

The new development at Lauwin-Planque is the tenth facility to be developed by Goodman for Amazon in Europe. On completion of the warehouse, Goodman will continue as the property manager.

The deal cements Goodman's position as the leading developer and investor in e-commerce logistics space in Europe. Since 2006, Goodman has developed over 1 million m² of warehouse space for global and local e-commerce companies across Europe.

The logistics centre will provide 90,000 m² of storage space and office space. Goodman acquired 170,000 m² of land in Lauwin-Planque with good linkage to the A21 and A1 motorways..

Goodman has previously developed 106,000 m² for Amazon in France at Orléans and Montelimar. Both developments were acquired by the Goodman managed Goodman European Logistics Fund (GELF) and the warehouses are managed by Goodman's in house property services team.

Jean-François Mounic, Goodman Regional Director Southern Europe said: "This is the third development that we have undertaken for Amazon in France. We were one of the first real estate businesses to recognize the potential of the e-commerce sector and this latest project demonstrates that our customers recognize our expertise in the development of high quality e-commerce logistics space."

Christian Poiret, CEO of the Douai Urban Community, said: "This development by Goodman represents a major boost for Douai. E-commerce is currently one of the fastest growing markets in Europe and we expect Amazon's local presence to result in considerable job opportunities for Douai and the wider region."

This latest transaction is the second deal that Goodman has signed in France in the fourth quarter of 2012. The Group currently has over 120,000 m² under development in France across two projects, and 750,000 m² in assets under management.

Source: Goodman

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