Thursday, 7 July 2016
At an extraordinary general meeting of the Goodman European Partnership (“GEP” or “Partnership”) held on 7 July 2016, Unitholders resolved to undertake GEP’s next liquidity review process in July 2026.
“GEP has a best-in-class logistics real estate portfolio valued at €2.4 billion with 102 grade-A logistics assets in 11 countries. The quality of the portfolio is demonstrated by a 98% occupancy rate, a weighted lease term of 5.1 years and an average age of 6.4 years. The EGM vote is a strong validation of the quality of the portfolio and the management team,” said Emmanuel Van der Stichele, Goodman Director of Investment Management.
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About Goodman European Partnership (GEP)
GEP is a €2.4 billion pan-European investment vehicle with a portfolio of 102 assets in 11 countries and boasts strong performance metrics as demonstrated by a 97.9% occupancy rate and a portfolio weighted average lease expiry (WALE) to first break of 5.1 years (as per 31 March 2016). As per 1 November 2015, Goodman European Logistics Fund FCP-FIS has been rebranded to Goodman European Partnership (GEP or Partnership), with a goal to more appropriately reflect the long-term partnership approach taken on property investment alongside global investors.
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.