Planning granted for PZ Cuzzons headquarters
3 September 2008
Goodman Secures Planning Permission for PZ Cussons' New headquarters at Manchester Business Park
Goodman has been granted planning permission for the construction of a 40,000 sq ft headquarters building for PZ Cussons at Manchester Business Park. Building is due to commence in November and the company expects to complete its relocation in early 2010.
The planning application was submitted by Arlington Business Parks Partnership fund (ABPP), which is managed by international property group Goodman.
The flagship building, which will be prominently positioned at the entrance of the park, will be constructed to PZ Cussons' specification to provide a modern and stimulating environment for its employees.
James Raven, Goodman's Development Director, UK Business Parks commented: "PZ Cussons' decision to choose Manchester Business Park for its new headquarters reflects the highly accessible location of the park for an international business, and its confidence in Goodman as a delivery partner. We are delighted to see work on the new building progressing."
Manchester Business Park is being developed in joint venture with Manchester City Council. Leading property consultancy, CB Richard Ellis, represented PZ Cussons in the negotiations that led the FTSE 250 Company to select a facility on the park.
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. 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 International Limited and Goodman Industrial Trust, has a market capitalisation of approximately € 4.3 billion (approximately A$ 7.4 billion - as at 31 March 2008), making it the largest industrial property group listed on Australian Stock Exchange and the second largest listed specialist fund manager of industrial and business park assets globally.
Goodman's integrated own-develop-manage customer service philosophy ensures its customers receive an end-to-end solution to their property requirements. With 1,300 staff and 37 offices in 18 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 and Turkey.
Please visit: www.goodman.com
For further information on Goodman please contact:
Joanna Reid 020 7269 9348 jo.reid@fd.com
Tilly Shirlaw 020 7269 9352 tilly.shirlaw@fd.com
Richard Stocks 020 7269 9355 richard.stocks@fd.com
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