Wednesday, 25 July 2012
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:
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.”