Groundbreaking ceremony on the extension of DB logistics centre in Bingen, Germany

Together with Mayor Thomas Feser, the international logistics service provider, DB Schenker, and the property group Goodman broke ground for the extension of the facility in the Bingen business and industrial park, which will be expanded to a total lease area of 33,000 sqm. The storage capacity of the site will nearly double DB Schenker's existing space, with the expanded facility to be operational from as early as winter 2015. DB Schenker will use the 14,500 sqm extension, with a warehouse height of twelve metres, for a well-known toy manufacturer. The property will also feature LED lighting and a specialised roof sealant to save energy consumption.

"Customer service is a crucial part of our business and is something we look for in a partner. Goodman has demonstrated a consistent level of quality since the beginning of our relationship. The extension of this facility demonstrates Goodman's ability to select prime locations, develop excellent buildings and provide value-added property management," said Schenker Deutschland AG board contract logistics/SCM Dr. Thomas Böger.

Goodman and DB Schenker began a strategic partnership in 2005 with the development of an 18,500 sqm logistics centre in Bingen. Ten years later, the companies are celebrating the extension of the facility that started an important partnership that extends across six countries, three continents and nearly 400,000 sqm of logistics space. Once all current construction projects are complete, Goodman will manage a total area of 450,000 sqm for DB Schenker globally, of which 262,336 sqm is located in Germany.

DB Schenker, the transport and logistics arm of Deutsche Bahn, is one of the largest transport and logistics service providers in the world. A group of this size regularly needs new, modern and highly-efficient logistics properties in order to expand or optimise its network.

"Our strong partnership with DB Schenker is testament to the strength of our business model and the benefits it provides to our customers," explained Christof Prange, Head of Business Development Goodman Germany. "As a manager and long-term owner of the properties we develop, we rigorously maintain the quality of our buildings and regularly meet with our customers on-site. By focusing on investing time and resources into our customer relationships, we are able to provide continuous value and drive the long-term growth of our business."

Goodman and DB Schenker celebrate the continuation of their ten-year partnership

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