Goodman to Develop 130,000m2+ of Logisics Space in Spain in 2018

14 December 2017 – Eje Prime

Goodman Group, one of the leading specialists in the development and management of logistics space in the world, is strengthening its commitment to Spain. Taking advantage of the improvement in the sector, which is growing at a rate of 20% p.a., driven by the strong performance of the country’s economy, the company plans to develop more than 130,000 m2 of logistics space in Madrid and Barcelona in 2018, according to a statement issued by the firm.

“Currently, the occupancy rate of Goodman’s assets in Spain is 100% of its portfolio, approximately 3% higher than the average recorded in Madrid and Barcelona, the two regions with the highest demand for logistics facilities”, says the group.

This year, the logistics company has developed more than 41,000 m2 of new logistics space and has signed lease contracts for more than 25,000 m2.

One of the locations where the manager has worked the most is Can Margarit Logistics Center, in Sant Esteve Sesrovires (Barcelona), where, in the last two years alone, it has completed the development of more than 85,000 m2 of logistics space. The site is home to the French sports equipment retail chain Decathlon, amongst others.

Next year, Goodman will develop 19,850 m2 of new land for the sector in the Zona Franca area of the Port of Barcelona, of which 9,500 m2 will be available from June onwards.

Meanwhile, in Madrid, the company plans to launch the construction of a logistics plant measuring 34,000 m2 in Vicálvaro at the beginning of 2018, as well as the development of a 75,000 m2 platform in Alcalá de Henares.

Currently, the Goodman Group is present in Continental Europe, the UK, the Asia-Pacific region, North America and Brazil and has a portfolio of assets under management worth €22.6 billion.

Original story: Eje Prime

Translation: Carmel Drake