Goodman doubles portfolio in Poland

Goodman, global developer and manager of industrial real estate, closed its 2015 fiscal year (ending on June 30) with €20.9 billion of assets under management (AUM), an increase of 13.6% compared to its last fiscal year, a press release read. In Central and Eastern Europe, the Group’s AUM reached 833,000 sqm, an increase of 68% versus the previous fiscal year. Goodman stressed that the strongest growth in CEE was seen in the Polish market, where the group doubled the size of its portfolio to reach AUM of 607,000 sqm. In the Czech Republic and Slovakia, Goodman currently manages 47,000 sqm and 78,000 sqm, respectively, with the remaining 102,000 sqm located in Hungary. During the 2015 fiscal year, lease agreements at Goodman’s existing facilities in the CEE region and its committed developments totaled 305,000 sqm of logistics space. The Group committed to 11 new  schemes representing 192,000 sqm and secured 14 leases at existing facilities totallng 113,000 sqm. Furthermore, Goodman currently has 150,000 sqm of warehouse space under construction in CEE. What is worth noticing, some 90% of all space under construction in CEE is located in Poland.