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Goodman Poland to invest up to €120m in logistics space in 2012


Goodman, the Australian commercial and industrial property group, announced plans to invest €70-120m in the construction of logistics space in Poland in 2012.

In 2011 Goodman leased a record 168,400 m2 of logistics space at seven locations in Poland, of which 38,000 m2 came online in the course of last year. In 2012 the company aims to add a further 200,000-300,000 m2 of space in the country, as well as to purchase new land in Upper Silesia, Poznan and other locations with the capacity to accommodate up to 100,000 m2 of space (Goodman’s existing land bank in Poland has the capacity for nearly 896,000 m2 of warehousing space). One of its priorities for this year is the construction of a logistics park in Upper Silesia, one of the last remaining regions where it does not yet have a presence. In the first half of 2012 the company will also inaugurate the construction and commercialisation of the Pomeranian Logistics Centre (PCL) in Gdansk, the biggest project of this type in Poland with total area of 500,000 m2.

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