Australian logistics developer Goodman has increased its business in central Europe with the purchase of more than 1.8m sq ft of development space and by opening two offices.
Goodman announced at the EXPO Real conference in Munich that it had bought a 1.6m sq ft site at the Ullo Airport Logistics Center in Budapest, Hungary.
It has also bought a 226,000 sq ft site at Gyal-Budapest in the wider Budapest area. Both deals were completed at an undisclosed price.
Additionally, Goodman has opened its third office in Poland, in the western city of Poznan.
This comes in addition to the offices it already runs in Warsaw and Krakow. The company has also opened an office in Bucharest, Romania.
Muler Onofrei has been appointed as the general manager of the office, joining from Bucharest property company Aleph Properties.
Valerie Vanbiervliet, regional director for central and eastern Europe and Benelux at Goodman said: 'The logistics sector is one of the fastest growing sectors across central Europe, as businesses reach for new markets across the region.
'We are therefore seeing major growth in the contract logistics and transportation industries.'