Goodman company profile

October 2012

Goodman

Goodman is an integrated property group that owns, develops and manages logistics and business space across Continental Europe, the United Kingdom, Australia, the Asia-Pacific region and North America. The Group invests in business and officeparks, industrial estates and warehouse and distribution centres.

Goodman also offers a range of listed and unlisted property funds, giving investors access to a range of specialist services and property assets, and is working continually to build value in logistics property and fund management, with innovative new developments, business and investment offerings.

With total assets under management of €16.2 billion and over 380 properties under management, Goodman is the largest industrial listed property group on the Australian Stock Exchange and one of the largest listed specialist fund managers globally. Its market insight and dedicated local teams create sound investment opportunities and develop properties and environments that meet each client’s individual requirements.

With over 900staff and 34 offices in 17 countries, Goodman has the global reach to meet customers’ needs as their businesses expand or evolve. In Europe, Goodman has offices in Germany, the Netherlands, Belgium, Luxembourg, France, Spain, Italy, Poland,the Czech Republic, Hungary, Slovakia and in the UK.

Where are we?

In outline, Goodman is represented in the following countries and areas (30June 2012):

  • Continental Europe:€2.4 billion in assets (113 properties), 174 people
  • United Kingdom: €1.9 billion in assets (40 properties), 134 people
  • Greater China/Hong Kong: €1.9 billion in assets (22 properties), 310 people
  • Japan: €0.6 billion in assets (9 properties)
  • Australia: €8.2billion in assets (183 properties), 245 people
  • New Zealand: €1.1 billion in assets (22 properties), 49 people

Operations

Goodman specialises in owning, developing and managing logistics and business space property, making strategic investments in managed funds and managing property investments for clients. Its operations fall into four principal areas:

Property development

  • Goodman develops quality business parks and logistics facilities.
  • It acquires land and develops purpose-built facilities on a pre-committed and, where possible, pre-funded basis.
  • Alternatively, it offers customers space in existing properties

Management of customer services

  • All investments are intensively managed with a strong focus on customer service to ensure high occupancy and customer retention
  • Hands-on, can-do approach
  • Full spectrum of management services provided by in-house teams

Fund management

  • Goodman’s extensive development pipeline and investment opportunities facilitate new fund initiatives
  • Funds provide access to logistics and business space assets through a proven operator
  • Goodman Group holds cornerstone investments in many of its funds, directly aligning its interests with those of its equity partners
  • Acts as manager of property portfolios for global investor groups, including sovereign wealth funds, leading pension funds and financial institutions

Property investment

  • Experienced teams source and acquire investment properties
  • Goodman also invests in third-party managed funds
  • Takes a long-term approach to property investment, based on thorough research and detailed local knowledge

What makes the difference?

Superior customer service is the foundation upon which Goodman’s philosophy is built –a philosophy which permeates every aspect of the Group’s activities.

Own Goodman buys and develops for the long term, providing ongoing relationships with customers and quality returns for investors.

DevelopGoodman’s significant development programme encompasses sites across Europe, the United Kingdom and Asia Pacific. Our development projects are purpose-built to meet the growing needs of our customers and investors.

ManageGoodman’s in-house property services teams ensure our customers’ operational needs are met and our assets are maintained to an exceptional standard. This results in increased customer satisfaction, higher retention rates and secure returns for investors.

History of Goodman

Goodman is one of the world’s leading owners, developers and managers of logistics and business space, listed on the Australian Stock Exchange since 1995. Through a series of mergers and acquisitions, it quickly became the largest listed industrial property group in Australia, and a major international player in industrial property, business space and fund management.

Carefully targeted acquisitions, designed to increase the group’s breadth and depth and expand its operations into new markets, included its acquisition in December 2005 of Arlington Securities, a leading property services and investment manager in Europe, followed, a year later by Akeler Holdings, the UK business park developer and property investor.

Other key acquisitions in Continental Europe and the UKwere of Eurinproand Rosemound Developments, both major players in the logistics market. In Spain Goodman is the result of the merger of Arlington and Eurinpro, which were acquired in December of 2005 and May of 2006, respectively.

Main figures

Outline corporate statistics are as follows (as of 30 June 2012)

Global

  • €16.2 billion of total assets under management
  • €3 billion direct property investment portfolio
  • 912property professionals employed
  • 389 business space properties under management
  • 14 million sqm of business space under management
  • 1,550 customers

Continental Europe and the UK

  • €4.3 billion of assets under management
  • 153 business space and logistics properties under management
  • 308property professionals employed
  • Represented in: Germany, France, Spain, the Netherlands, Belgium, Luxembourg, Italy, the Czech Republic, Poland, Hungary, Slovakia and the UK

European Logistics

  • The Goodman European Logistics Fund (GELF) was launched by Goodman in December 2006 and is focused on high quality warehouse and logistics centres
  • The existing portfolio contains of 92 assets totalling 3 million sqm of warehouse space across Continental Europe, and is valued at€1.8 billion
  • 98% occupancy rate
  • The logistics centres are located across Continental Europe in Germany, Belgium, the Netherlands, Poland, the Czech Republic, Hungary, Slovakia, Italy, France, Spain and Austria
  • Major customers include Amazon, DHL, DSV,Kuehne+Nagel and DB Schenker

European Business Parks

  • Goodman European Business Park Fund (GEBPF) was established in 2003 and provides institutional investors with access to an actively managed portfolio of business parks with a total value of circa €237.6 million
  • The business parks are located in Spain (Madrid, Barcelona), France (Val d’Europe, Marseille) and Germany (Düsseldorf)
  • Goodman also manages the Air Park Paris Sud business park in France with a value of €27.36 million

Goodman Princeton Holdings

  • Goodman Princeton Holdings (GPH) was launched in June 2010, and is a co-investment vehicle between Chambers Street Properties and Goodman Group in pre-committed logistics development opportunities sourced by Goodman. It is funded on an 80/20 basis with Chambers Street Properties holding the majority share
  • It includes five German development assets with a total value of €107.5 million, it targets logistics developments and acquisitions primarily in Germany, France and the BeNeLux countries
  • Goodman European Logistics Fund (GELF) has a right of first refusal over developments; the Co-Investment Vehicle has right of second refusal

Goodman - Executive Team

  • Gregory Goodman

Group CEO

Gregory Goodman was appointed Group Chief Executive Officer in August 1998, and is responsible for Goodman Group's overall operations and the implementation of its strategic plan. He has 28 years of experience in the property industry with significant expertise in the industrial property arena.

Gregory was a co-founder of Goodman Group, playing an integral role in establishing its specialist global position in the property market through various corporate transactions, including takeovers, mergers and acquisitions.

He is a director of Goodman (NZ) Limited, J-REP Co., Ltd and the management companies of Goodman Group's unlisted funds.

  • Danny Peeters

CEO Continental Europe

Danny Peeters is the Chief Executive Officer in Continental Europe and is the responsible for the global management of Goodman’s operations in the area.

Danny Peeters joined Goodman (previously Eurinpro) in 2000 and held several management positions in the Group such as Operations Director (Eurinpro) and General Director of Logistics in Continental Europe.

Before joining Goodman, he filled several positions related to real estate management and supply chain for multinationals such as Beckton Dickinson and NYK Logistics, where he was in charge of the business development.

Danny Peeters holds an engineering degree from the Catholic University of Leuven (Belgium) and followed several advanced management programmes at INSEAD and Harvard Business School.

Customers+

Amazon

BLG Logistics

BorgWarner

Bosch Siemens Hausgeräte

Continental

DHL

Fiege

Ingram Micro

Kühne+Nagel

Rhenus

Volkswagen

DB Schenker

Zalando

Contact+

Airgate - Airport City

Peter-Müller-Straße 10

40468 Düsseldorf, Germany

Tel. +49 211 49 98 0

Media contacts:

Goodman

Majella O Doherty

Communications Manager, Continental Europe

+32 2 263 4068