Goodman European Partnership and Goodman Group have agreed to sell a number of assets in Central and Eastern Europe to GLP for €1bn. The deal, subject to regulatory approval, includes properties located in Poland, Hungary, the Czech Republic and Slovakia. “The proceeds of this transaction will enable us to capitalize on the strong demand for industrial property and continue to scale up in the major consumer markets in Germany, France, Spain, Benelux and Italy,” said Philippe Van der Beken, CEO of Goodman Continental Europe. “We will continue to focus on owning high-quality properties and building out our significant development pipeline in these markets, where barriers to entry are high and land is scarce.” Goodman Group is on track to surpass €28.8bn in assets under management in June and remains one of the largest industrial real estate developers in Europe.
