Goodman Completes Latest Phase as New Customer Moves in at Gloucester Business Park
1 September 2009
Gloucester Business Park - the leading mixed use scheme in the region - this week celebrated the completion of Valiant Court, its latest phase. The new development adds three high quality comfort cooled headquarter style office buildings, comprising 70,598 sq ft of accommodation, to the Park, which is owned, developed and managed by international property group Goodman.
Positioned prominently at Gloucester Business Park's entrance, the largest of the three buildings (30,021 sq ft NIA) has already been handed over to Gloucestershire Primary Care Trust, who became the latest customer to join the Park when they signed a fifteen year lease. The agreement set a new headline rent for Gloucester Business Park and was the largest office pre-let in the region. It also saw a significant step change in the nature of product on offer at the Park.
Over the last 18 months, Gloucester Business Park has been one of Goodman's leading schemes, welcoming eight new customers in 2007. The previous office phase - Regent and Charlton Court - are now almost fully occupied. Valiant Court was finished on schedule, less than a year after work commenced. Two buildings of 20,260 and 20,317 sq ft NIA are now available.
In January, Esporta, the health and fitness chain opened on the Park, adding a large number of leisure facilities including indoor and outdoor tennis courts and swimming pools, spa facilities, a gym and studios. Other amenities at Gloucester Business Park include including a 24 hour Tesco Superstore, a Whitbread pub and a Premier Travelodge.
James Raven, Goodman's Development Director, UK Business Parks commented: "We are delighted to have completed this phase and at the same time welcome another major customer here. In terms of attracting businesses, Gloucester Business Park has been one of Goodman's busiest schemes. With the new phase complete, an array of attractive amenities and a dynamic mix of occupiers, we are confident that this will continue."
Goodman, through its property services team, has delivered fit out and facility management services to many of the new occupiers at the Park, including fully integrated FM Services for Gloucestershire PCT's new offices.
Gloucester Business Park - the largest allocated employment site in the South West - is part of Goodman's Arlington Business Park Partnership. Jointly managed alongside Legal and General, it is one of the largest specialist funds in the UK.
About Arlington Business Parks Partnership
The ABPP is a UK business park fund created in 2003 by Arlington Securities Limited and investment partner Legal and General. Goodman and L&G manage the fund. ABPP owns a unique portfolio of high quality business parks in a managed environment spread across the UK.
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 International Limited and Goodman Industrial Trust, has a market capitalisation of approximately € 4.3 billion (approximately A$ 7.4 billion - as at 31 March 2008), making it the largest industrial property group listed on Australian Stock Exchange and the second largest listed specialist fund manager of industrial and business park assets globally.
Goodman's integrated own-develop-manage customer service philosophy ensures its customers receive an end-to-end solution to their property requirements. With 1,300 staff and 37 offices in 18 countries, Goodman has the global reach to meet customers' needs as their businesses expand or evolve. In Europe, Goodman has offices in the UK, Germany, the Netherlands, Belgium, Luxembourg, France, Spain, Italy, Poland, Czech Republic, Hungary, Slovakia and Turkey.
Please visit: www.goodman.com
For further information on Goodman please contact:
Joanna Reid 020 7269 9348 jo.reid@fd.com
Tilly Shirlaw 020 7269 9352 tilly.shirlaw@fd.com
Richard Stocks 020 7269 9355 richard.stocks@fd.com
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