Industrial property giant and the country's largest listed trust Goodman Group has raised €1 billion ($1.7 billion) through the sale of assets in central Europe in line with its strategy of focusing on major capital cities.

It will use the funds to increase its exposure in Germany, France, Spain, Benelux and Italy. Goodman sold the warehouses, based in Poland, Hungary, Czech Republic and Slovakia, to European-based logistics group GLP.

Goodman is one of the major landlords across the world for online giant Amazon. In Sydney, Amazon is based at the Goodman Centenary Distribution Centre in Moorebank.

Amazon's warehouse at Goodman Centenary Distribution Centre in Moorebank, Sydney.

Philippe Van der Beken, chief executive of Goodman Europe, which owned the properties in partnership with the Goodman Group, said there remains strong demand for industrial property. "We will continue to focus on owning high-quality properties and building out our significant development pipeline in these markets, where barriers to entry are high and land is scarce," he said.