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GAZELEY ANNOUNCES COMPLETION OF 130,000 SQ M NEW DEVELOPMENT FOR AMAZON IN HAMBURG, GERMANY

25 October 2017 – Gazeley, a leading investor and developer of logistics warehouses and distribution parks, announces that it has completed a new 130,000 SQ M logistics facility in the Hamburg area.

The warehouse has been developed at Hamburg Logistics Park in the greater Hamburg area for Amazon. The customer will be using the space as a base for distribution across Northern Europe.

The site is located near both the Port of Hamburg and Hamburg Airport as well as having excellent access to the Northern Germany metropolitan areas of Bremen, Hanover, Hamburg and Wolfsburg, ideally meeting the customers’ requirement for a logistics center in the Hamburg area.

The new building is equipped with a range of innovative features and technology, including a virtual firewall with additional sprinkler heads to ensure a seamless implementation of conveyor and robotics systems. The warehouse is fitted with LED lighting, guaranteeing low energy consumption and optimised operating costs.

Gazeley was able to accelerate building construction on the 32-acre site to deliver Phase 1 within six months and Phase 2 by September 2017, in line with the customer’s requirements.

Ingo Steves, Managing Director for Northern Europe at Gazeley commented: “Our ability to provide this state-of-the-art logistics center within 6 months of our customer’s’ decision to proceed, highlights our flexibility when delivering for our customer base. This building will provide excellent transport links to key cities as well as first-class sustainability initiatives that achieved us a German DGNB Gold certification.”

Press contact:

Gazeley
Anna Lena – Herr
Phone: +49 69 256 129 915
Email: anna-lena.herr@gazeley.com

About Gazeley

Gazeley, the European division of global logistics company Gazeley, is a leading investor and developer of logistics warehouses and distribution parks with a 33 million square foot portfolio concentrated in Europe’s key logistics markets, namely the UK, Germany, France and the Netherlands. It comprises 17 million square feet of existing assets, which are 98% leased, and a development pipeline of 16 million square feet.

On 2 October 2017, GLP, the leading global provider of modern logistics facilities, announced the acquisition of Gazeley from funds managed by Brookfield, the global alternative asset manager. The transaction is set to complete by year end.

The full announcement released on the Singapore Stock Exchange (SGX) can be found at:

https://www.glprop.com/press-releases/497-glp-expands-into-europe-via-its-fund-management-platform.html

For further information about Gazeley please go to www.gazeley.com

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