The Pomeranian Logistics Centre will be Goodman's largest investment in Poland Courtesy of NBS Communications

Industrial developer Goodman Poland plans to develop from 200,000-300,000 sqm of logistics space in 2012. The total value of the investments is estimated at approximately €70 million-€120 million.

The new developments will most likely be held by the Goodman European Logistics Fund (GELF). GELF raised €350 million of capital in December and Poland is one of the investment fund’s target markets.

“One of our main goals for 2012 is to build a logistics park in Upper Silesia which is one of the last regions in Poland where we do not yet have a presence,” Błażej Ciesielczak, Goodman’s country manager for Poland, said in a statement.

He added that the company will also launch construction and commercialization of the Pomeranian Logistics Centre in Gdańsk in the first half of this year. With its target area of 500,000 sqm, the project is Goodman’s largest investment in the country.

Moreover, the acquisition of sites for further projects is being planned. “Additionally, we plan to acquire sites with an area of five to 20 hectares [each] where we will be able to develop up to 100,000 sqm of warehouse space,” Mr Ciesielczak said.

Currently, the developer has plots across Poland which will enable it to build a total of some 875,000 sqm of new space. The two main areas in which the company is planning to acquire more land are Upper Silesia and Poznań.