Goodman Group Stakeholder Review 2021

Goodman Logistics Center El Monte, Los Angeles

Goodman Logistics Center El Monte, in the Los Angeles area, showcases Goodman’s global gateway city strategy to provide customers with urban logistics sites that are close to consumers.

Spanning 114,766 sqm across two buildings, the brownfield site was once a groceries warehouse. During demolition, 94% of materials were salvaged, recycled or crushed and used for the new site.

Sustainability features

LEED certified shell
Buildings have cool roofs with interior ventilation capable of two air changes per hour
Landscaping focus on native, drought-resistant plants
400kW rooftop solar
Goodman Logistics Center El Monte, Los Angeles, USA
Artist’s impression of Goodman Itaquera, Sáo Paulo, Brazil

Market update

In North America, personal consumption makes up approximately 70% of GDP. As the rapid growth in e-commerce continues to redefine last-mile delivery, new building uses and logistics technologies are emerging. More e-commerce consumers are driving demand for distribution centres and the need to store additional stock.

In Brazil, Goodman’s logistics properties are mainly in São Paulo where the limited land is expensive. E-commerce grew significantly during the pandemic yet the penetration of e-commerce in Brazil is still relatively low, representing a substantial growth opportunity in coming years.

US – projected e-commerce sales growth 2020-2025

Brazil – projected e-commerce sales growth 2020-2025
A challenging year
A challenging year