AI assistant
GOODMAN GROUP Capital/Financing Update 2005
64998_rns_2005-06-29_06e8b64c-71dd-43fd-a2c7-3520ec2931c2.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
ASX Release - Macquarie Goodman Group ("Macquarie Goodman")
Strong roll out of development pipeline continues
| Date: | 29 June 2005 |
|---|---|
| Release: Immediate |
Macquarie Goodman Group ("Macquarie Goodman") is pleased to announce a number of significant pre-commitments across its Sydney development sites.
Erskine Park Industrial Estate - 100% committed
TNT Logistics ("TNT") have signed an agreement to lease the final stage of Erskine Park Industrial Estate in Sydney's west.
Over the past two years Macquarie Goodman has committed over 98,000 sqm of space to this \$110 million project accommodating the following major customers Hasbro, Packcentre, Pickfords and Stramit.
TNT which committed to a 27,700 sqm facility in December 2004 has signed an agreement to lease an additional 6,230 sqm. TNT's initial facility is on track for completion in July this year. The new facility will be completed by December 2005.
GreystanesPark - \$150 million estate 97% committed
Exel, a major Macquarie Goodman customer has committed to a further 20,000 sqm facility adiacent to its existing premises at GreystanesPark in Sydney's west.
Exel occupied its initial 12,750 sqm facility in March 2004. Its new 20,125 sqm facility will be completed in August this year.
Over the past two years Macquarie Goodman has committed six major facilities for Exel across Australia and New Zealand.
Detmold Packaging has leased 4,625 sqm of the final 9,000 sqm facility at GreystanesPark. The terms of the lease provide annual rent of \$0.5 million with annual reviews fixed at 3.25%.
GreystanesPark contains over 117,000 sqm of space and has an end value in excess of \$150 million. On the back of these two recent transactions the estate is now 97% committed with only 4,375 sqm still available. The estate houses high profile customers including Exel, Linfox, Laminex, Recall and 3M.
Macquarie Goodman Group Macquarie Goodman Management Limited ABN 69 000 123 071 Macquarie Goodman Funds Management Limited ABN 48 067 796 641; AFSL Number 223621
Level 10, 60 Castlereagh Street Sydney NSW 2000 GPO Box 4703 Sydney NSW 2001
Telephone +61 2 9230 7400 Facsimile +61 2 9230 7444 [email protected] www.macquariegoodman.com
Campus Business Park, Homebush - nears completion
In May this year, Toshiba signed an agreement to lease over 5,500 sqm of office space at Macquarie Goodman's Talavera Corporate Centre to house its Australian head office. Toshiba has now committed to occupy a further 7,500 sqm of warehouse space at Homebush.
Toshiba pre-leased 39% of Building F, the penultimate stage of the \$150 million business park. It will pay an initial rental of \$0.9 million per annum. They join other major customers including Ateco Automotives, Barbeques Galore, Exel, Fujitsu, Fuji Xerox, Nissan and Optima Computers.
Mr David van Aanholt, Chief Operating Officer of Macquarie Goodman said, "These transactions demonstrate the strength of our development team and the strategic nature of our development pipeline across Sydney. They are fantastic examples of our Customer Service Model at work".
For further information, please contact Macquarie Goodman:
Gregory Goodman Chief Executive Officer +61 2 9230 7400
David van Aanholt Chief Operating Officer +61 2 9230 7400
Macquarie Goodman Group Macquarie Goodman Management Limited ABN 69 000 123 071 Macquarie Goodman Funds Management Limited ABN 48 067 796 641; AFSL Number 223621
Level 10, 60 Castlereagh Street Sydney NSW 2000 GPO Box 4703 Sydney NSW 2001
Telephone +61 2 9230 7400 Facsimile +61 2 9230 7444 [email protected] www.macquariegoodman.com