OTS: Goodman Set to Expand into the Nordics

OTS: Goodman Set to Expand into the Nordics

- Nordic HQ to be based in Stockholm
BRUSSELS, Sept. 18, 2012 /PRNewswire/ -- Goodman Group (Goodman or the Group) today 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.
Recent activity
In August, Goodman announced its results for the full year ended 30 June 2012, with an operating profit of euro 374 million, which was a 21% increase on the financial year 2011. The Group has approximately 14 million sqm 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.
Goodman was named as the number one industrial developer in Europe in the March edition of PropertyEU magazine. The ranking is based on completed industrial projects in sqm from 2009 to 2011.
About Goodman
Goodman is an integrated property group that owns, develops and manages logistics and business space across Continental Europe, the United Kingdom, North America and the Asia-Pacific region. The Group invests in business parks, office parks, industrial estates and warehouse and distribution centres.
Goodman also offers a range of listed and unlisted property funds, giving investors access to a range of specialist services and property assets, and is working continually to build value in industrial property and fund management, with innovative new developments, and business and investment offerings.
With total assets under management of euro 16.2 billion and over 380 properties under management, Goodman is the largest industrial listed property group on the Australian Stock Exchange, and one of the largest listed specialist fund managers globally. Its market insight and dedicated local teams create sound investment opportunities and develop properties and environments that meet each client's individual requirements.
With more than 900 staff and 34 offices in 17 countries, Goodman has the global reach to meet customers' needs as their businesses expand or evolve. In Europe, Goodman has offices in Germany, the Netherlands, Belgium, Luxembourg, France, Spain, Italy, Poland, Czech Republic, Hungary, Slovakia and the UK. For more information please visit: www.goodman.com/se
About SFF
Svensk Fastighetsfond AB is an independent real estate investment and asset management company based in Stockholm, Sweden. SFF offers institutional and private investors investment opportunities and management of commercial real estate, with a focus on logistics and offices. SFF has a well-established position in the real estate market with a total logistics portfolio up to 170,000 sqm in Sweden.
For further information, please contact Goodman: Majella O Doherty Communications Manager +32-2-263-4068 Majella.odoherty@goodman.com
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