Goodman Group, a global leading owner, developer and manager of industrial property, has fully leased its Goodman Interlink Hamburg logistics centre, signing lease agreements for the last available space with its existing customers, Airbus and STUTE Logistics, a fully-owned subsidiary of Kuehne + Nagel. Goodman now manages a total of 42,000 sqm at its flagship project in the port of Hamburg, located in the most attractive logistics location in Germany.

In addition to being the top logistics region in Germany, Hamburg is home to the third largest container port in Europe and is one of the three most important locations for the aerospace sector in the world. The Hamburg region hosts more than 300 aerospace companies and the industry employs around 40,000 people. In 2015, the Hamburg-based aerospace industry experienced strong growth, which increased the demand for logistics real estate in the region. Goodman met this demand through a combination of pre-leased and speculative grade-A warehouse development at this Finkenwerder district project.

20160913-Goodman-Interlink-Hamburg-Airbus-STUTE

Existing customers lease additional space
Airbus now leases 21,500 sqm at Goodman Interlink Hamburg, following a 10,000 sqm extension to its existing facility. Used for spare parts logistics, the two interconnected buildings at the facility, which is located only five kilometres away from the Airbus production plant, provides the aircraft manufacturer with the ideal facility for its operations.

Additionally, in early 2016, logistics service provider STUTE Logistics, a fully-owned subsidiary of Kuehne + Nagel, joined Airbus and Diehl Comfort Modules (DCM) at Goodman Interlink Hamburg, leasing 5,200 sqm. Shortly after it commenced operations, STUTE increased its presence at the logistics centre with a second lease for an additional 4,500 sqm. STUTE uses the 9,700 sqm grade-A warehouse to store component parts for aircraft and cabins.

Sustainable logistics properties
Sustainability is an integral part of Goodman’s own+develop+manage customer service offering, and long-term ownership philosophy. The Goodman Interlink Hamburg logistics centre was developed using sustainable design principles. This includes a focus on reducing material intensity and optimizing energy and water consumption, and offering a modern workspace in which all mezzanine areas are equipped with additional light bands across the width of the building to significantly increase the amount of natural daylight throughout the facility.

All units at Goodman Interlink Hamburg have been developed to the current gold standard of the German Sustainable Building Council (DGNB).

“Within 12 months we have reached one hundred percent occupancy at Goodman Interlink Hamburg, demonstrating the quality of our properties in a highly competitive logistics real estate market,” said Christof Prange, Goodman Head of Business Development in Germany. “Goodman will continue to grow its presence in Hamburg with a further development site at GVZ Altenwerder and will focus on expanding its presence in other key logistics locations across Germany.”

Goodman Interlink Hamburg is owned by the Group’s flagship European investment vehicle, Goodman European Partnership (GEP), and benefits from Goodman's in-house property and asset management services.

Additional space in Germany’s top location
Located a few kilometres from Goodman Interlink Hamburg, Goodman has a site available at GVZ Altenwerder for the development of up to 12,000 sqm of logistics space, which can be divided into smaller units. The location has access to the multimodal Hamburg transport network, making it an attractive destination for logistics service providers, the retail sector, machine and vehicle construction trade or the pharmaceutical industry, all of which have a strong presence in Hamburg.

In the study “Logistics and Real Estate Germany 2015”, published by the research company bulwiengesa, Hamburg was named the most attractive logistics region in Germany. The success of Goodman in the development and marketing of the Interlink logistics facility underlines this result. The report identified twenty-eight logistics regions and assessed their market attractiveness for customers, investors and developers. Hamburg performed particularly well in the categories of customer demand, return on investment, and economic conditions for trade.

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