Goodman's development for Starco was an addition to its important German portfolio.
Danny Peeters, CEO Goodman Continental Europe said the results underline Goodman’s position as the number one developer of logistics real estate in Europe. "In addition to our extensive list of completed projects and developments under construction, we also have an impressive pipeline of active enquiry," said Danny Peeters.
The growth in the e-commerce sector is a key driver of logistics real estate, and has accounted for 35% of the new business secured by Goodman in Europe. In 2011, Goodman developed 518,000 m² of new space for e-retailers, including a total of more than 440,000 m² for Amazon in Germany.
"Building on last year’s success in Germany, Goodman continues to be the clear market leader as an owner and manager of logistics real estate, with circa 2 million m² in assets under management, valued at €1.1 billion," Mr Peeters added.
Since 2009, the Group has doubled its presence in the German market and now has 45% of its European portfolio in Germany. Goodman aims to be the number one developer in France and Poland within the next three years.
On a pan-European basis, Goodman’s portfolio of assets has industry-leading metrics with a 97% occupancy rate and an 81% retention rate.