Goodman and CB Richard Ellis Realty Trust JV Acquires Distribution Warehouse in Rugby, West Midlands, UK
(firmenpresse) - LONDON, UNITED KINGDOM -- (Marketwire) -- 05/14/12 -- Global property group, Goodman (ASX: GMG) today announced that it has acquired a 146,491 sq ft warehouse and distribution centre in Rugby, West Midlands, through its UK joint venture with CB Richard Ellis Realty Trust.
The centre, primed for purposes, is fully leased until 2016 to one of the world's leading suppliers of mail and logistics services, which operates the facility on behalf of a national health services organisation.
The property is strategically located in the "Golden Triangle" distribution region of the West Midlands, with good access to the M1 and M6 motorways and is capable of servicing the majority of Great Britain within four-hours by road.
Charles Crossland, Managing Director for Logistics, said: "This property meets the criteria of being a prime asset, in a great location, with excellent connectivity. Strategic relationships with leading global investor groups, such as CB Richard Ellis Realty Trust deliver on our key objective of sourcing third party capital to help grow our logistics portfolio in the UK."
Philip L. Kianka, Executive Vice President and COO of CB Richard Ellis Realty Trust, said: "This acquisition strengthens our relationship with our UK joint venture partner and expands our holdings in the region. Property in the UK continues to be an attractive investment alternative and the industrial sector still offers reasonable values."
Goodman established the UK co-investment joint venture vehicle with CB Richard Ellis Realty Trust in June 2010. The partnership invests in pre-committed logistics UK development opportunities, funded on an 80/20 basis, with CB Richard Ellis Realty Trust holding the majority share. The joint venture vehicle is committed to targeting a total investment of GBP 400 million over an initial investment term of three years.
About Goodman Group (ASX: GMG)
Group is an integrated property group with operations throughout Australia, New Zealand, Asia, Europe and the United Kingdom. Goodman Group, comprised of the stapled entities Goodman Limited and Goodman Industrial Trust, is the largest industrial property group listed on the Australian Securities Exchange and one of the largest listed industrial property groups globally. Please visit: .
Contacts:
Sarah Bishell
020 7269 9361
Philippa Murray
020 7269 9300
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Datum: 14.05.2012 - 08:18 Uhr
Sprache: Deutsch
News-ID 1114008
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