Triple success for Goodman as European development pipeline expands

HONG KONG, May 13, 2010 - Goodman, the integrated property group which owns, develops and manages
business and logistics space globally, has increased its development activity
in Europe with the announcement of more than 45,000 sqm of pre-committed
logistics developments, consisting of:

    -- 21,000 sqm at Munich Airport Logistics Centre in Germany;
    -- 17,000 sqm at Ullo Airport Logistics Centre in Hungary, and;
    -- 7,875 sqm at Venlo in the Netherlands.

In Germany, Goodman has commenced the construction of a 21,000 sqm
bespoke warehouse at Goodman's Munich Airport Logistics Centre in Langenbach
for leading transport and logistics provider DSV. Scheduled for completion at
the end of July 2010, the Langenbach development marks DSV's third lease
agreement with Goodman in Europe.

Goodman has also secured the option to develop an additional 15,000 sqm
of logistics warehouse space on a site adjacent to the Munich Airport
Logistics Centre.

Goodman has also confirmed a new lease agreement with Oriflame in
Hungary, as part of the second phase of development for the Ullo Airport
Logistics Centre situated in Ullo, south of Budapest. The leading Swedish
manufacturer of high quality cosmetics has leased 16,000 sqm of warehouse
space and an additional 1,000 sqm of office space. Construction began in
February 2010, with an expected completion date in August 2010.

The Ullo site has significant future development potential which will be
undertaken in phases. On final completion, the entire logistics centre will
offer 155,000 sqm of high specification warehouse, office and amenity space.

Separately, Goodman and medical technology company, Stryker have
underlined their commitment to sustainability with the announcement that a
new BREEAM-certified warehouse will be developed at Venlo in the Netherlands.
The 7,875 sqm distribution centre, which has been designed to meet both
environmental and economic sustainability criteria, will be one of the first
buildings in the Netherlands to receive the internationally recognised BREEAM
sustainability certification. Construction is scheduled for completion in
November 2010.

"We are excited about the new distribution centre in Venlo," says Laura
Piccinini, President of Stryker Europe. "Goodman made it possible to develop
a distribution centre which is built for the future growth that we expect for
our company. This centre will support us in delivering the best results to
our customers and in addition, the distribution centre reflects our
commitment to environmental and social sustainability."

Danny Peeters, Chief Executive Officer, Continental Europe said:
"Goodman's European development programme is moving forward and performing
well. These new pre-committed developments further demonstrate our expertise
and ability to deliver tailor made solutions for our clients in strategic
locations across Europe. As conditions become more favourable, we are
continuing to see a marked increase in enquiries from companies that are
reviewing their existing business requirements and seeking high quality
logistics and office space."

About Goodman Group (ASX: GMG)

Please visit: www.goodman.com

For more information, please contact:

    Goodman
    Matthew Werner
    Group Corporate Communications Manager
    Tel: +61-2-9230-7400

    FD
    Dominic Morgan
    Managing Director
    Tel: +44-20-7269-9343

Goodman, Matthew Werner, Group Corporate Communications Manager, +61-2-9230-7400; FD, Dominic Morgan, Managing Director, +44-20-7269-9343, for Goodman