Thursday, 12 November 2015
The rebranding of GELF to GEP is part of a global rebranding initiative, in-line with the search of global investors in recent years to focus their global real estate investment programmes with sector specialists across a number of geographic markets. Goodman has created strong relationships with its investors, who have partnered with Goodman in its existing vehicles and sponsored the creation of new ones. Consequently, and as part of the ongoing review of the business, management seeks to align its communications to more appropriately reflect the long-term partnership approach taken on property investment alongside global investors.
Emmanuel Van der Stichele, manager of GEP, said: “Both the rebrand of Goodman’s Fund Management business to Investment Management and referring to our Investors as Partners are intended to more accurately describe the key elements of responsibility, principally making the right real estate investment decisions in combination with appropriate and prudent capital management strategies. It will also reflect the value of the long-term nature of the relationships built together over many years around the world. While this initiative will not impact the day-to-day operations of GEP, the new naming convention has started to appear throughout all of our marketing and communication materials from 1 November 2015.” Importantly, this is only a branding change and will not result in redrafting of documents as all existing legal names and legal forms remain unchanged.
GEP aims to deliver stable, income-driven returns to its partners. With a portfolio valued at €2.3 billion, GEP is a leading unlisted real estate investment vehicle in continental Europe, with 100 assets in a portfolio totalling 3.9 million sqm of warehouse space across 11 countries.
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For further information, please contact:
Christopher Flores, Communications Manager
+32 2 451 42 08
About Goodman European Partnership (GEP)
GEP (legal name: Goodman European Logistics Fund, FCP-FIS) is a €2.3 billion pan-European partnership with a portfolio of 100 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 4.8 years (as per 30 September 2015).
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 partnerships, giving investors access to a range of specialist services and property assets, and is working continually to build value in industrial property and
investment management, with innovative new developments, and business and investment offerings.
With total assets under management of €20.9 billion and over 400 properties under management, Goodman is the largest industrial listed property group on the Australian Stock Exchange, and one of the largest listed specialist real estate investment 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 1,100 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 active in Germany, the Netherlands, Belgium, Luxembourg, France, Spain, Italy, Poland, the Czech Republic, Hungary, Slovakia, Sweden and the UK.
For more information please visit: www.goodman.com or www.GELF.eu