Strong activity for Goodman in 2018 and solid pipeline for 2019

Goodman, a global leader in logistics real estate, has grown its portfolio in Spain by 30% in 2018, driven by the rise in demand for new space from players in the retail and e-commerce industries. The company is currently developing a total of 285,000 sqm in strategic locations, the equivalent of around 40 football fields.

Commenting on this momentum, Ignacio García-Cuenca, Country Manager of Goodman Spain, states, “e-commerce has established itself as a key driver for the logistics real estate industry due to demand for large high-quality logistics spaces in strategic locations, that have easy access to large populations. At Goodman we work to anticipate that demand and provide innovative solutions that cover the entire logistics supply chain, including large logistics platforms all the way to smaller facilities for last mile delivery.”

In 2018, Goodman’s stabilised portfolio was 100% let and increased by 30% reaching a total of 106,000 sqm following completion of two tailored developments in Barcelona Port (Franca Area) – one of the locations in highest demand among e-commerce companies. In addition, Goodman also developed a last mile logistics platform for an e-commerce operator  in Madrid.

The company is also finalising the construction of a 33,000 sqm facility for a retailer in Villadangos del Páramo, León, a strategic location for distribution in northern and northwest Spain.

New strategic developments throughout Spain in 2019

Goodman currently has developments in the pipeline totalling 285,000 sqm located in four different regions in Spain.

• In Catalonia Goodman will develop four logistics platforms responding to high demand for such facilities in key locations. The new projects will involve the development of 111,000 sqm around Barcelona, strengthening Goodman’s position as the leading logistics real estate developer in the region.
• Proyects already in development and on track for completion in 2019 include a 75,000 sqm logistics platform in Alcalá de Henares and a 33,000 sqm project in León.
• Goodman will start during the year the development of a 66,000 sqm logistics facility in the municipality of Illescas (Toledo) one of the most active areas for major logistics facilities nowadays.

Goodman is currently the real estate logistics company that has developed more built-to-suit projects over the last three years in Spain. It’s continuously investing in new land for future logistics use in strategic locations that to service new customer demand, further strengthening its position in the market.