Goodman to serve southern Poland

Goodman Group, a global industrial-property manager, last week announced the acquisition of a 31.5-ha plot in Modlniczka, near Kraków, where it plans to develop its biggest warehouse park in Poland so far. Goodman will develop almost 158,000 sqm of high-quality logistics space on the newly acquired site, with construction on the first phase of development, comprising 18,500 sqm, scheduled to launch early next year. Goodman is planning to complete the first phase by fall 2008. Upon completion of the project, the company will have invested E80 (zł.301.7) million in the site.

"We are very pleased to have secured a substantial land position in this strategic location, which is emerging as a logistics hub connecting Western and Eastern Europe," said Rafał Bochenek, Goodman Polska's country manager. Due to its proximity to the Czech Republic, Ukraine and road connections to Germany, as well as to the nearby Special Economic Zone and Kraków Technology Park, the future warehouse park has strong potential.

"Given the scarce supply of high-quality warehouse space in this area, we have already seen strong customer interest in the new facilities," Bochenek added.

The recent acquisition is in line with the company's strategy of developing strategic land-bank portfolios in attractive locations throughout Europe. "We support our customers, who want to move to strategic hot spots, by owning land in areas where supply is scarce. Our land bank allows us to start development, while at the same time being able to respond to their specific needs," said Valérie Vanbiervliet, Goodman's regional director for Benelux & Eastern Europe.