Goodman to Develop an Approx. 110,000 sqm Logistics Centre for Amazon in Rheinberg, Germany

RHEINBERG, Germany, February 28, 2011 - Goodman Group today announced that it has signed a contract with Amazon,
one of the world's leading online e-commerce providers, to develop an approx.
110,000 sqm logistics centre in Rheinberg, Germany (near Duisburg). Amazon
plans to create up to 1,000 long term jobs in Rheinberg. This latest
transaction underlines Goodman's position as the market leader in the
development of logistics real estate in Germany.

The new Rheinberg development builds on Goodman's established
relationship with Amazon and is the fifth such facility to be developed on
behalf of Amazon in Europe.

The logistics centre will provide approx. 110,000 sqm of storage space
and office space. The construction work will commence in early March.

Allan Lyall, Vice President of European Operations at Amazon said: "We
are delighted to open a new fulfilment centre in Rheinberg. The central
geographical location in Europe, access to a great employment base, and the
excellent connection to all major highways as well as the good collaboration
with the city of Rheinberg are the main reasons for selecting this location.
The property in Rheinberg is now the fifth logistics centre that Goodman has
developed for Amazon in Europe, three of which are in Germany. Our
collaboration also includes project developments in Orleans, France and
Swansea in Wales."

Goodman acquired 317,000 sqm of land in Rheinberg with good linkage to
the A 57 motorway as well as a possible rail connection. The remaining land
at the site is available for further development. In addition to the Herten
development site, Rheinberg is Goodman's second major venture in the Ruhr
area, one of the most dynamic logistics hubs in Germany.

Hans-Theo Mennicken, Lord Mayor of Rheinberg, said: "This development by
Goodman represents a real boost to the image of Rheinberg and is a major step
forward in our efforts to establish the 'Rheinberg brand'. I am particularly
pleased by the fact that the decision to locate in Rheinberg will offer
secure jobs to a range of people from the entire region."

Andreas Fleischer, Goodman Country Manager Germany said: "We have worked
together successfully with Amazon for many years, and this is currently one
of the largest real estate developments being undertaken in Europe."

"The project demonstrates the trust that our customers have in our
expertise in the growing market of e-commerce fulfilment. Our ability to turn
industry-specific requirements into tailor-made real estate solutions has
made us the leading developer in the logistics real estate sector, and this
project will further enhance our market reputation."

"The total amount of warehouse space now under development by Goodman in
Germany is 233,500 sqm, corresponding to an investment value of 135 million
euro," he said.

    Majella O Doherty
    Communications Manager, Continental Europe
    +32-2-263-4068
    Majella.ODoherty@goodman.com

About Amazon

For more information please visit: www.amazon.de

About Goodman

For more information please visit: www.goodman.com

Majella O Doherty, Communications Manager, Continental Europe, +32-2-263-4068, Majella.ODoherty at goodman.com