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Today, Goodman, a global leading owner, developer and manager of logistics real estate, together with its customer, leading international fashion company Esprit, celebrated the inauguration of an 80,000 sqm logistics centre in Mönchengladbach, Germany. Goodman developed the new facility as an expansion of the existing 53,000 sqm property occupied by Esprit and operated by the Fiege Group. As one of the largest fashion logistics centres in Germany, the expanded facility will be used to supply Esprit’s own stores and wholesale customers across Europe.

As part of an extensive transformation process, Esprit has comprehensively optimised many internal processes. One important component of this restructuring is the best possible improvement in efficiency of the logistics processes of the company. This objective is well served by the expansion of the spaces in the logistics centre in Mönchengladbach. After extension, the logistics centre now has a total area of 133,000 sqm with special equipment and design features including 24,000 sqm mezzanine space, four cargo lifts and 80 loading gates. Esprit is consolidating several regional warehouses in Mönchengladbach and will in future use the property for Europe-wide distribution.

“The additional capacity at Regiopark Mönchengladbach is an essential component of our strategic restructuring at Esprit and the associated further development of the business model. Thanks to the modern concept for the extension of Goodman’s property, we will in the future supply our partners and our own shops in a way that is even faster and demand based,” said Jose Antonio Ramos, Chief Commercial Officer at Esprit.

Jordan Corynen, Goodman Regional Director for Germany, Austria and Switzerland commenting on the rapidly changing market dynamics affecting retailers like Esprit, said: “Shorter product lifecycles, product line extensions, changing shopping habits and fierce competition for the fastest delivery time are just a few of the challenges facing the retail industry which can put significant strain on a company’s logistics operations. We help our customers meet these demands by providing future-proof facilities in top locations.”Shorter product lifecycles, product range extensions, changes in shopping habits, free shipping and fierce competition for the fastest delivery time (not to mention the best price) are just a few of the many challenges in the new reality of retail logistics.Shorter product lifecycles, product range extensions, changes in shopping habits, free shipping and fierce competition for the fastest delivery time (not to mention the best price) are just a few of the many challenges in the new reality of retail logistics.Shorter product lifecycles, product range extensions, changes in shopping habits, free shipping and fierce competition for the fastest delivery time (not to mention the best price) are just a few of the many challenges in the new reality of retail logistics.

Logistics service partner Fiege, will continue to run the operations of the logistics centre and will be increasing the number of employees in the centre to around 750. The company has been working for 16 years in partnership with Esprit and has been providing the fashion retailer with a variety of logistics services in this time.

The premier location for textile and fashion logistics

The facility in the Regiopark Mönchengladbach is located just 1 kilometre from the A61. The site is also well connected to the national road network via the A44, A46 and A52 motorways. As such, the Regiopark is perfectly suited for the fast and reliable distribution of goods to Germany and Europe, in particular to the Benelux countries. Over the last few years, the Regiopark Mönchengladbach has developed into one of the most important locations for textile and fashion logistics in Germany and the City of Mönchengladbach has been positive about the development.

"We are delighted that Esprit has chosen Mönchengladbach to consolidate its logistics. The city is the ideal location for companies in the retail and online trade as it has excellent transport connections and direct access to one of the most populous regions of Europe. I am certain that with this decision Esprit will achieve its ambitious targets," explained Hans Wilhelm Reiners, Mayor of the City of Mönchengladbach, at the opening ceremony.

With the completion of the logistics centre for Esprit, Goodman is further expanding its presence in this strategically important logistics location. In Mönchengladbach, the property group has previously developed a distribution centre of over 130,000 sqm, occupied by Zalando, and a logistics centre of 22,500 sqm, occupied by the logistics providers Logwin and Vetten, who are jointly active for a major fashion retailer.

The project was realised by Goodman for a subsidiary of the Goodman European Partnership (GEP), Goodman's leading European investment vehicle. GEP has a portfolio of over 110 properties across 10 countries which already includes the existing 53,000 sqm warehouse for Esprit.

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Image (from left to right side):

Felix Fiege, Executive Board Member Fiege, Ernst-Peter Vogel, Chief Finance Operations Officer Esprit, Jordan Corynen, Regional Director DACH Goodman Germany, Hans Wilhelm Reiners, Mayor of the City of Mönchengladbach

About Goodman

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 investment vehicles, including its flagship European managed partnership, Goodman European Partnership (GEP). Through prudent investment management, quality assets and active property management, the Partnership provides its capital partners with stable income returns derived from investments in logistics assets.

With total assets under management of €23.8 billion and 383 properties under management, Goodman is the largest industrial listed property group on the Australian Securities Exchange, and one of the largest listed specialist 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 30 offices, Goodman has the global reach to meet customers’ needs as their businesses expand or evolve. In Europe, Goodman is present in Germany, the Netherlands, Belgium, Luxembourg, France, Spain, Italy, Poland, Czech Republic, Hungary, Slovakia, and the UK.

For more information about our European operations: www.goodman.com/ce

For more information about our German operations: www.goodman.com/de