Goodman provides room for growth for Wrigley at Arlington Business Park, Reading
1 March 2009
International property group Goodman has agreed expansion terms with one of its major occupiers at Arlington Business Park, Reading. The leading global manufacturer of chewing gum, The Wrigley Company Limited, will leave its current office and move to bigger premises, occupying 8,246 sq. ft. This agreement follows hot on the heels of messaging company Acision UK Ltd signing up at the Park in one of the largest speculative lettings to take place in the Thames Valley region last year.
Wrigley - who has been a customer at the Park for three years, has signed a ten year lease at the Park, and is relocating from smaller premises. Lakeview comprises three Grade A office buildings totalling 110,495 sq ft, and is the latest phase at Arlington Business Park, which is located at Junction 12 of the M4 west of Reading. The construction of the high-spec Lakeview development was also project-managed by Goodman.
A spokesperson for Wrigley commented, "We have had an office in Arlington Business Park for three years and it has proved itself as an excellent location. We look forward to moving into bigger offices there shortly."
The 48 acre site is adjacent to both the M4 and Theale railway station. Businesses based there also benefit from a range of shops and leisure facilities close by, as well as the additional property services provided by Goodman. The agreement has been signed on behalf of Goodman's Arlington Business Parks 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. The 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 Limited and Goodman Industrial Trust, is the largest industrial property group listed on Australian Stock Exchange and one of the largest listed industrial property groups globally.
Goodman's integrated own-develop-manage customer service philosophy ensures its customers receive an end-to-end solution to their property requirements. With more than 1,200 staff and 39 offices in 19 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
Corporate Document Disclaimer - Goodman Limited
This document has been prepared by Goodman Group (Goodman Limited (ABN 69 000 123 071) and Goodman Funds Management Limited (ABN 48 067 796 641) (AFSL 223621) as the Responsible Entity for Goodman Industrial Trust (ARSN 091 213 839). The details in this press release provide general information only.
It is not intended as investment or financial advice and must not be relied upon as such. You should obtain independent professional advice prior to making any decision. This media release is not an offer or invitation for subscription or purchase of securities or other financial products. This media release does not contribute an offer of securities in the United States. Securities may not be offered of sold in the United States unless they are registered under the US Securities Act of 1933 or an exemption from registration is available. Past performance is no indication of future performance. All values are expressed in Australian currency unless otherwise stated.
For further information on Goodman please contact:
Joanna Reid 020 7269 9348 firstname.lastname@example.org
Tilly Shirlaw 020 7269 9352 email@example.com
Richard Stocks 020 7269 9355 firstname.lastname@example.org