Macquarie Goodman has announced the acquisition of a leading UK logistics property developer, Rosemound Developments Limited for approx. €470 million (£336 mln). Rosemound has a total land bank of over 1,000 acres and 30 staff with significant sector expertise.
Rosemound is one of the largest developers of logistics property in the UK with a geographically diverse land bank located in key logistics channels and hubs throughout the UK. The highly regarded management team has established relationships with key UK and European customers, providing an ideal fit to Macquarie Goodman's Customer Service Model.
David Keir, Executive Chairman of Rosemound, said, "We are very excited about joining Macquarie Goodman and the opportunity it provides to become a core component of the group's global logistics platform. The strategic fit between the businesses will encourage expansion across both the UK and Europe and we are looking forward to working closely together."
Source: Macquarie Goodman