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Oriflame extends lease agreement with Goodman

Monday, 04 April 2016

Goodman extends lease agreement with Oriflame, maintaining 100% occupancy in Üllő

Goodman has secured a six year lease renewal agreement with Oriflame Hungary (Oriflame) at Üllő Airport Logistics Centre near Budapest in Hungary. The Hungarian subsidiary of the Swedish beauty company moved into the 17,000 sqm property five years ago, where the company has established its Central European logistics hub.

Oriflame occupies 100% of the second phase of development at Üllő Airport Logistics Centre, which comprises 16,000 sqm of warehouse space and 1,000 sqm of office and social space. This facility was specifically designed to Oriflame’s operational needs and criteria such as prime location, excellent transport connections and infrastructure, which were key in deciding the company’s selection of this property.

”When we began looking for a new distribution centre, our requirements not only focused on a modern, well located facility, but also one that would support the growth of our business. Goodman’s logistics park in Üllő continues to offer all of these features,” said Csaba Szuchy Oriflame Hungary. “Since starting our logistics operations at Üllő Airport Logistics Centre, our cooperation with Goodman has continued through their excellent property management, which has enabled us to focus on our core business.” 

The logistics centre was delivered in August 2010 as a built-to-suit facility for Oriflame for the distribution of their products to beauty consultants in Central Europe. As fast and precise service is crucial for the company, Oriflame operates a large Pick by Light system in the building, one of the most effective methods of order picking. 

”Developing high quality built-to-suit solutions for companies from various sectors has always been a great strength of Goodman. However, this recent agreement with Oriflame demonstrates our best-in-class customer service over the course of the entire property lifecycle and is reflected in the 100% occupancy we have retained across the first and second phases at Üllő Airport Logistics Centre,” said Blazej Ciesielczak, Goodman Regional Director for Central and Eastern Europe.

Strategic location; additional development opportunities
Only 21 kilometres from the centre of Budapest, Üllő Airport Logistics Centre is ideally located for logistics operations. The facility is only five kilometres from Liszt Ferenc International Airport and the intersection of M0 ring road and M4 motorway is in close proximity.

Üllő Airport Logistics Centre provides the opportunity to further expand the centre with a total leasable area of 110,000 sqm, which can be divided into smaller units starting at 3,000 sqm. 

The first phase of the logistics centre, comprising a 27,000 sqm warehouse and office facility, was delivered in November 2009 to German drugstore chain, Rossmann.

For further information, please contact Goodman:
Christopher Flores László Fekete
Communications Manager CE Heart Communications
+32 2 451 42 08 +36 1 302 5354

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), (recent rebrand of the Goodman European Logistics Fund). 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 €22.4 billion and 432 properties under management, Goodman is the largest industrial listed property group on the Australian Securities Exchange, and one of the largest listed specialist fund 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 32 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, Sweden and the UK. 

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