MALSCH, Germany, Jan. 27, 2011 /PRNewswire-Asia/ -- Goodman Group will develop a bespoke 46.000 sqm automotive logistics centre for Seifert Logistics Group (Seifert) at Malsch, near Karlsruhe in Germany. The new facility has been pre-leased by Seifert on an initial seven-year term, with further options.
The built to suit facility will comprise a 36.000 sqm warehouse, 1.600 sqm of office space and 8.300 sqm of loading and unloading zones. The total size of the site is just under 82.000 sqm and includes parking spaces for 100 cars and 15 trucks. Covered delivery zones will be built with flexible loading platforms and rapid-opening/rapid-closing loading gates to accommodate the specific requirements of the automotive logistics business. On completion, the warehouse will store vehicle parts for supply to the Mercedes-Benz production plant in Rastatt.
After considering a number of land options in the Rhine-Neckar region, Goodman selected the site of a former concrete plant in Malsch. The site is located in a well-developed industrial area and has access to the industrial rail terminal, which has the potential to be reactivated should the customer require a rail connection.
Demolition works have been completed at the site and construction of the facility has now commenced, with a scheduled completion date of May 2011. The development has an estimated completion value of Euro 31 million. At the end of 2010 the property was pre-sold to the Goodman European Logistics Fund (GELF).
Andreas Fleischer, Country Manager for Goodman in Germany said, "Goodman is a global business run by local people, and it is our local knowledge and expertise that allowed us to win the trust of Seifert Logistics Group for this challenging project.
"The building at Malsch presented a number of particular challenges. The lack of available land in the region meant that we could not develop on a greenfield site. We designed the warehouse in such a way that it is ideally suited for automotive logistics while at the same time preserving maximum flexibility for future third-party use, and we were also able to offer Seifert flexibility in the lease agreement."
"Thanks to our proven customer offering and strong liquidity position we are able to deliver to Seifert the facility and the flexibility that they require with just eight months between our first contact and the scheduled completion of the warehouse."
From 2011 onwards, the Mercedes-Benz plant in Rastatt will produce the successor models to the A and B class cars and will also offer greater variety in its future models. This increases the need for additional production supply space which will be achieved through the delivery of the new facility at Malsch.
Harald Seifert, Managing Director at Seifert Logistics said, "We are happy, especially on the 125th anniversary of the motor car, to be laying the foundation stone for our new automotive logistics centre. The warehouse in Malsch will be another important part of our automotive logistics division in this region. This builds upon our branch office in Rastatt, which we have successfully managed since the middle of 2008."
Gunter Walser, Managing Director and Project Manager at the Seifert Group said, "The growing demands made by our automotive clients, means we need to develop specific value-added services within logistics as well as efficient production supply. The automotive warehouse in Malsch will help us to continue to meet these demands with a high level of services. In addition, the development is part of our group's growth strategy."
About Goodman
Goodman is an integrated property group that owns, develops and manages industrial and business space across Continental Europe, the United Kingdom and the Asia-Pacific region. The Group invests in business parks, office parks, 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 industrial property and fund management, with innovative new developments, and business and investment offerings.
With total assets under management of Euro 11.4 billion and over 325 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 more than 750 staff and 32 offices in 16 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, Czech Republic, Hungary, Slovakia and the UK. For more information please visit: www.goodman.com.
About Seifert Logistics
The Siefert Group has grown from a regional market leader to a freight forwarding company and logistics service provider operating on a global scale. From its 1947 origins as a family run business in Ehingen/Danube, it has grown into a logistics company which today, and ranks among the top 100 in the logistics industry. Combined with customer-specific in-house solutions, innovative service concepts in the business of procuring, producing and distributing have been the factors which have guaranteed the company's success.
Over 500 members of staff work at some 20 locations around the world, including, amongst others, branch offices in Germany and Poland. Every day, over 600 truck loadings are scheduled for delivery across Europe and by means of the company's own fleet, respectively arrive on time using associated companies.
Our long established clients come from the following sectors: paper, automotive, pharmaceuticals, building materials and chemicals.
Seifert Logistics has over 125,000 sqm of storage space both at home and abroad. The company acts as an associate in the added value chains of its clients and always acts true to its guiding principle: Logistics meets motion.
More information can be found online at: www.seifert-logistics.com
| For further information, please contact: |
| Goodman |
| Majella O Doherty |
| Communications Manager, Continental Europe |
| +32-2-263-4068 |
| Majella.ODoherty@goodman.com |
