Goodman to Develop 78,000 sqm Logistics Centre for Zalando

BRUSSELS, October 20, 2011 /PRNewswire/ --

Goodman Group will develop a 78,000 sqm logistics centre for e-commerce retailer Zalando at Erfurt's freight terminal. The development is pre-let on a 16-year lease term. Construction will commence in mid October and delivery is scheduled for August 2012.

"We are very pleased to have secured this latest project and to forge a new relationship with Zalando. This is Goodman's eighth pre-committed development in Germany this year and demonstrates our leadership position in the development and management of logistics facilities," said Andreas Fleischer, Goodman's Country Manager for Germany.

The warehouse will offer 71,000 sqm of floor space with 7,000 sqm of associated office and social space. Several hundred parking spaces and 55 truck and trailer spaces have been planned. The new facility will incorporate 46 loading docks, with expansion space available for additional docks to cater for future demand.

The development will accommodate the significant growth in Zalando's business and facilitate the efficient distribution of their products throughout Germany and Europe.

"Zalando is expecting further growth in Germany and in the international markets," said Rubin Ritter, Managing Director of Zalando.

"The development of a built-to-suit logistics centre in Erfurt which is tailor-made to our individual demands is therefore the next logical step in the development of the company," Mr Ritter added.

Since its formation in 2008, Zalando has seen strong growth. The company initially sold only shoes online, however today offers a full range of fashion items, including clothing and accessories for adults and children, sportswear and equipment and beauty products. The company currently retails more than 1,000 well-known brands and designer label merchandise.

Goodman's Group Chief Executive Officer, Greg Goodman concluded: "This latest development for Zalando follows three similar developments announced in Germany and France over recent months, which will provide more than 238,000 sqm of new space for online e-commerce provider, Amazon. These deals demonstrate the strong underlying demand for e-commerce fulfillment being experienced in Europe and Goodman's expertise in delivering tailored logistics and warehousing solutions for customers in this rapidly growing sector."

About Goodman

For more information please visit: http://www.goodman.com

For further information, please contact Goodman:

Majella O Doherty
Tel: +32-2-263-4068
Email: Majella.odoherty@goodman.com