|Goodman customers commit to 97,000 sqm of developments in Australia|
|Wednesday, 25 July 2012 13:49|
Goodman Group (Goodman or Group) today announces that 97,000 sqm of new development projects were committed by customers in the first half of the 2012 calendar year across its NSW and Victorian development portfolios. With a total end value of $168.2 million, these developments reflect the continued demand for quality logistics space.
Development activity includes:
+ DHL Global Forwarding has committed to a 28,589 sqm redevelopment at Millennium Court Industrial Estate, Matraville NSW
+ Jeminex has pre-committed to a 13,262 sqm industrial unit underpinning a 31,188 sqm development at Interlink Industrial Estate, Erskine Park NSW
+ ACR Supply Partners has committed to 8,524 sqm of warehouse and office space, completing a 29,236 sqm development also pre-committed to DHL at Westpark Industrial Estate, Erskine Park NSW
+ DEB Australia and Caesarstone have pre-committed to 4,865 sqm and 5,000 sqm respectively, underpinning a 15,090 sqm development at Moorebank Business Park, NSW
+ Hoepners Supply Chain Solutions has committed to 15,323 sqm, including a 7,387 sqm expansion to their existing facility at ParkWest Industrial Estate, Derrimut VIC
+ Toll has committed to 24,811 sqm which includes an 8,050 sqm expansion to their existing facility at M7 Business Hub, Eastern Creek NSW
+ Draeger Safety Pacific Pty Ltd and Draeger Medical Australia Pty Ltd (Draeger) have committed to a 6,655 sqm redevelopment of an existing facility at Ferntree Business Park in Notting Hill VIC
Goodman’s capacity to develop and lease flexible facilities in strategic locations across the western Sydney market highlights the continued strong customer demand for quality industrial space.
Jason Little, Goodman’s General Manager said “Goodman is pleased to welcome DEB Australia, Caesarstone, Jeminex, ACR Supply Partners and Draeger into the Australian portfolio. Our ability to attract customers across such a diverse range of industries demonstrates the quality of our assets and our expertise in delivering property solutions that suit the individual needs of our customers.”
Goodman also continues to work closely with existing customers to provide additional or new business space, or consolidate their business space requirements into single, larger facilities. This is evidenced by the 98% occupancy rate across Goodman’s Australian portfolio overall and 73% customer retention.
Mr Little concluded, “The strong enquiry and development activity across our Australian portfolio highlights the solid performance of our development business. Pleasingly, we are seeing this positive momentum continue into FY13.”