Goodman has acquired a 90,000 sqm plot on the Rhynern industrial park from the Hamm Economic Development Office, where the international specialist for logistics properties is to develop a new logistics centre for Dortmund-based do-it-yourself (DIY) chain Hellweg. The contract of sale has now been concluded between Goodman and the local authorities and the project is expected to create over 100 local jobs.

In the words of Hamm Economic Development Director Christoph Dammermann following signature of the contract: "In light of the tight construction schedule, I am delighted that we have completed the first step with the sale of the plot. We will continue to support Goodman and Hellweg throughout the course of this ambitious construction project. Tight schedules are nothing new for us. The key is to ensure that all stakeholders are working in tandem."

This decision by the DIY chain is a reaction to the rapid growth of its Hellweg DIY stores, which has created the need for additional, state-of-the-art logistics capacity. To this end, the company sought a sustainable industrial site for realignment of its logistics operations. With the Rhynern industrial park plot, the Hamm Economic Development Office was able to come up with an optimal site.

"The decisive factors in terms of opting for the site were the central location, infrastructure links and the possibility of swift project realisation," explained Franz Dressel, Expansion Manager at Hellweg Die Profi-Baumärkte GmbH & Co. KG.

Construction of the 45,000 sqm logistics hall is due to start shortly and upon completion at the end of 2015 the new logistics centre will employ over 100 full-time staff.

"As a developer, investor and manager of properties, we are delighted to have found the ideal site in a strong logistics location. Here in Rhynern we will be investing around €30 million in land and buildings," stated Jordan Corynen, Goodman Director for Germany. "We are developing a tailor-made logistics property for our customer Hellweg. With the planning permit in hand, nothing stands in our way to quickly start construction."

Modern, ecological standards are a priority for Goodman, which plans to achieve DGNB certification for the Hellweg property in Hamm.

About Goodman

Goodman is an integrated property group that owns, develops and manages logistics and business space across Continental Europe, the United Kingdom, the Asia-Pacific region, North America and Brazil. The Group invests in industrial estates and warehouse and distribution centres.

Goodman also offers a range of listed and unlisted property funds, including its flagship European fund Goodman European Logistics Fund (GELF), giving investors access to a range of specialist services and property assets. Goodman works continually to build value in logistics property and fund management, with innovative new developments, and business and investment offerings.

With total assets under management of €18.4 billion and 432 properties under management, Goodman is the largest industrial listed property group on the Australian Securities Exchange, and one of the largest listed specialist fund managers globally. Its market insight and dedicated local teams create sound investment opportunities and develop properties and environments that meet each client's individual requirements.

With more than 1,000 staff in 16 countries and 32 offices, Goodman has the global reach to meet customers' needs as their businesses expand or evolve. In Europe, Goodman is present in Germany, the Netherlands, Belgium, Luxembourg, France, Spain, Italy, Poland, Czech Republic, Hungary, Slovakia, Sweden and the UK.
For more information please visit: www.goodman.com/de

About Hellweg

Hellweg is a medium-sized, owner-operated company. From its headquarters in Dortmund, the company operates and manages 93 stores in Germany and Austria in addition to 56 BayWa DIY and garden centres in southern Germany. The corporate group also includes the Augsburg garden centres with 6 locations in NRW. Hellweg employs around 6,000 personnel in total, of which 10 percent are trainees.

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Goodman develops 45,000 sqm logistics property for Hellweg at the Rhynern industrial park in Hamm

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