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Goodman acquires prime logistics facility at Stuttgart Airport 09 July 2015

Facility currently leased to DB Schenker

Goodman has acquired a 10,654 m2 facility at Stuttgart Airport in Germany. This acquisition strengthens Goodman’s share of logistics space in southern Germany to nearly 300,000 m2.

The facility was purchased by Goodman’s European investment fund, the Goodman European Logistics Fund (GELF), and is leased to DB Schenker.

With the addition of the property at Stuttgart Airport, Goodman manages a total of 110,750 m2 in the state of Baden-Wuerttemberg on behalf of GELF.

The region is one of Germany’s main economic hubs and is home to many automotive manufacturers, OEMs (original equipment manufacturers) and several appliance and technology manufacturers.

Furthermore, in the states of Bavaria, Hesse and Rhineland Palatine, GELF maintains 166,000 m2 of prime logistics space for customers across a variety of sectors.