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Goodman Plans New Co-Operative Warehouse in Andover - "We’re delighted that the Co-operative Group has decided to invest in Andover. With the recent granting of planning permission on our site, we are able to offer the Co-operative a degree of certainty on the location. ..."

11 September 09 -- Global property company Goodman and the Co-operative today announced plans for a new regional distribution warehouse (RDC), which will create over 900 new jobs at Goodman’s Andover Airfield site in Hampshire.

Goodman has concluded an agreement with the Co-operative Group to deliver a warehouse of just under 500,000 sq ft for the Group, which is now the UK’s fifth largest food retailer.

The RDC will be positioned at the north western corner of the former airfield site, with direct access onto the A303, linking it to London and the South West. It will replace the 863,000 sq ft building which was granted planning permission in August 2009. The balance of the land re-designed to accommodate a range of smaller buildings.

Jason Dalby, Managing Director of Goodman Logistics UK, commented: "We’re delighted that the Co-operative Group has decided to invest in Andover. With the recent granting of planning permission on our site, we are able to offer the Co-operative a degree of certainty on the location. All issues of principle have been resolved within the existing planning consent and we are therefore hopeful of an early decision on the new application so that we can get on and deliver the new Andover Commercial Park."

Trevor Ashworth, director of food retail logistics for the Co-operative Group, commented: "With the acquisition of the Somerfield supermarket chain earlier this year, we are in the process of reshaping our distribution network to ensure we continue to provide high standards of service to our customers. Andover is an excellent location from which to serve our stores in this part of southern England. Our planned new RDC will provide both employment and a further boost to the local economy."

The two organisations are now working on a fresh planning application which will be the subject of public consultation shortly.

Goodman proposes to deal with all off site issues in the same way as in the scheme which was granted planning permission in August 2009. For example, the highways measures including the Hundred Acre Interchange, the acoustic treatment on the A303 and the barred routes will remain exactly as already approved by the Council. The on-site landscaping and acoustic measures will also be substantially the same.

Goodman is also committed to maintaining the obligations contained in the Section 106 agreement which accompanies the August 2009 permission, including contributions towards local training and employment initiatives and £200,000 of public art.

A meeting has taken place with Test Valley Borough councillors to provide them with an overview of the latest plans and to outline the Co-operative Group’s aspirations for the site.

In October last year, Goodman was named best large unit developer at the prestigious 2008 Industrial Agents Society awards. Goodman also scooped two awards at Property Week’s 2008 Office Development Awards, winning the "Best overall development outside central London" and "Best bespoke development outside central London" categories.

About Goodman Group (ASX: GMG)

Goodman Group is an integrated property group with operations throughout Australia, New Zealand, Asia, Europe and the United Kingdom. Goodman Group, comprised of the stapled entities Goodman Limited and Goodman Industrial Trust, is the largest industrial property group listed on the Australian Securities Exchange and one of the largest listed industrial property groups globally. Goodman’s global property expertise, integrated own+develop+manage customer service offering and significant fund management platform ensures it creates innovative property solutions that meet the individual requirements of its customers, whilst seeking to deliver attractive long-term returns for investors. In Europe, Goodman has offices in the UK, Germany, the Netherlands, Belgium, Luxembourg, France, Spain, Italy, Poland, Czech Republic, Hungary, Slovakia, Romania and Turkey.

Please visit: www.goodman.com

For more information contact:

Jo Reid
Associate Vice President
FD Corporate
Holborn Gate, 26 Southampton Buildings
London, WC2A 1PB
T +44 (0)20 7269 9348
F +44 (0)20 7287 5598
M +44 (0)7989 960 450
jo.reid@fd.com
www.fd.com

A member of FTI Consulting Inc.

Financial Dynamics Limited. Registered in England. Registered No: 01656428
Registered Office: Holborn Gate, 26 Southampton Buildings, London WC2A 1PB

Submitted by: LogisticsWorld
news@logisticsworld.com, 9/20/2009 3:28:48 AM

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