Eurinpro (Acquired by Goodman International 2006)

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  • Eurinpro Belgium
    Kasteel van Bever
    Boechoutlaan 221
    1853 Strombeek-Bever
    Belgium

    Tel: +32 (0) 2 263 40 00
    Fax: + 32 (0) 2 263 40 40

    info@eurinpro.com
    www.eurinpro.com

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Note: This company is no longer trading as a separate enterprise.


Australian Goodman Group acquires Eurinpro

In May 2006 Eurinpro was acquired by international property group, Goodman International. 

Goodman listed on the Australian Stock Exchange in 1995.  In 2005, the group embarked on a series of acquisitions designed to increase its breadth and depth and expand its operations into new markets. It acquired Arlington, Eurinpro, Akeler, Rosemound and J-REP.

It provides industrial property, business space and fund management.


Over the last 15 years, Eurinpro has become a market leader in the growing specialized market of built-to-suit prime logistics real estate. Eurinpro has offices in eight European countries as well as representative offices in Japan and the US. It has realized more than  1.2m sq m of projects with a total value of close to €850m. The company currently has 425,000 sq m of logistic real estate under development in eight different European countries which is managed by a team of over 90 people.

Goodman is a publicly listed, integrated property group which operates in Australia, New Zealand, Asia, Europe and the United Kingdom. Its operations encompass property investment, funds management, property development and property services backed by a team of  over 700 property professionals.

In December 2005, Goodman acquired Arlington Securities, a UK based funds management business that focuses on business and office parks.  Arlington has in excess of A$9.0bn of business space funds under management in the UK and Europe.

Eurinpro was originally created as a separate department within the contractor company, Verelst in 1979. Eurinpro was founded in Heist-op-den-Berg (Belgium) in 1989 as a developer of residential projects and shopping malls. In 1992, 1993 and 1995 the contractor company Verelst incorporated several subsidiaries to develop industrial building projects in Germany, the Netherlands and France. In 1998, the contracting business completed a management-buy-out (MBO). Bart Verhaeghe, who had been in charge of Eurinpro for several years, acquired 25% of the capital.

In 1999, Eurinpro reinforced its position as a real estate investment banker through the successful listing of the logistics real estate investment trust, Siref, on the Brussels stock exchange. At the end of 2002, Luc Verelst reduced his participation, in order to enable Francis Hendrickx, who had already been managing the group for several years, to acquire a share of the capital. In May 2004, Eurinpro's shareholders" structure was realigned. Jan Van Lancker, Danny Peeters, Eddy Huysmans and Bruno Robberechts, whose core competencies proved to be valuable assets for Eurinpro, became shareholders.

 Eurinpro example customer projects

Country

Customer

Project Size

The Netherlands, Tilburg Sony European Distribution Centre 80,000 sq m
The Netherlands, Tilburg    Ingram Micro / Exel 50,000 sq m
Belgium, Puurs Fiege Logistics Centre 43,000 sq m
Belgium, Mechelen Stanley Works, Mechelen Zuid Logistics 34,000 sq m
France, Lomme Ingram Micro Distribution Centre 31,000 sq m
Belgium, Boom JVC European Distribution Centre 23,000 sq m
Belgium, Genk NYK Logistics & Megacarrier Logistics Centre 20,000 sq m
France, Carrières-Sur- Seine JVC European Distribution Centre 15,000 sq m

Source: Transport Intelligence

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