BRUSSELS, May 24, 2012 /PRNewswire/ -- Goodman European
Logistics Fund (GELF) notes the rating assigned by Moody's Investor
Service this month. GELF was assigned a first-time issuer rating of
Baa3 with a "stable outlook".
Moody's noted that GELF's high-quality portfolio of modern prime
logistics properties with continuously high occupancy rates
provides the fund with "sustained positive cash flows" and said
that the fund has a lower business risk profile than similarly
rated peers, because its development activity represents only a
small proportion of its assets.
Emmanuel Van der Stichele, Fund
Director GELF said: "We are pleased to have obtained an
investment grade rating from Moody's. This is a real endorsement of
GELF, our business strategy and of the strength of the Continental
European portfolio. The rating is a significant milestone in
GELF's strategy of diversifying its sources of capital."
GELF has 92 assets in its portfolio totalling 3 million sqm of
warehouse space across continental Europe and is valued at euro 1.7 billion, making it one of the largest
unlisted real estate funds in Europe.
For more information about GELF receiving Moody's Baa3 rating,
please visit
http://www.moodys.com/research/Moodys-assigns-Baa3-to-Goodman-European-Logistics-Fund-stable-outlook--PR_246200
About Goodman European Logistics Fund (GELF)
Goodman European Logistics Fund, FCP-FIS (GELF or "the Fund") is
a Luxembourg-based investment
vehicle operating a euro 1.7 billion
pan-European logistics real estate platform, spread over 11
countries. The Fund, managed by Goodman, focuses on high quality
logistics and warehouse properties. GELF offers well-informed,
institutional investors a right of first refusal over assets
developed by Goodman Group in Continental Europe. GELF is now one
of the largest unlisted European funds dedicated to logistics real
estate.
For further information, please contact Goodman:
Majella O Doherty
Communications Manager
+32-2-263-4068
Majella.odoherty@goodman.com