Goodman Secures Planning Permission for 232,000 sq ft Prime Logistics Space

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Mar 14, 2013, 05:00 ET

LONDON, March 14, 2013 /PRNewswire/ --

Global integrated property group Goodman, has secured detailed planning permission to develop three prime warehouse units at New Hythe Commercial Park in Aylesford, Kent.

The three units total 232,000 square feet and will be developed within an established industrial and warehouse location, providing access to a skilled labour force and convenient transport links. New Hythe Commercial Park is located at junction 4 of the M20 with good links to the Kent ports and the wider national motorway network. Goodman has already secured existing outline planning consent which allows the developer to build bespoke units sized to suit prospective customers' needs.

Goodman is now marketing the prime units and will develop them on a pre-let or pre-sale basis, depending on individual customer requirements.

Charles Crossland, Managing Director, Goodman UK Logistics said:

"The council's decision to grant detailed planning permission at Aylesford marks another key stage in Goodman's delivery of high quality space at New Hythe Commercial Park. We are now in a position to develop premium buildings to suit a range of occupiers and look forward to welcoming new customers to this recognised logistics location."

Goodman has invested £105 million into its 800 acre UK land bank to ensure that outline planning and infrastructure are in place and the sites are ready for construction. This unique offering dramatically reduces the time it takes to build fully operational logistics centres, a key concern for logistics customers. Goodman has 14 strategically located sites across the UK market, capable of delivering over 14 million sq ft of logistics space. Four of Goodman's UK sites can deliver facilities of over one million sq ft, and eight are capable of delivering over 500,000 sq ft of logistics space each.

CBRE and Altus Edwin Hill are agents on the scheme.

About Goodman Group (ASX: GMG)

Goodman Group is an integrated property group with operations throughout Australia, New Zealand, Asia, Europe, the United Kingdom, North America and Brazil. 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 specialist fund managers of industrial property and business space globally.

Goodman's global property expertise, integrated own+develop+manage customer service offering and significant fund management platform ensures it creates innovative property solutions that meet the individual requirements of its customers, whilst seeking to deliver attractive long-term returns for investors. In Europe, Goodman has offices in the UK, Germany, the Netherlands, Belgium, Luxembourg, France, Spain, Italy, Poland, Czech Republic, Hungary and Slovakia.