20 September 2018 – Gazeley, GLP company and a leading investor and developer of logistics warehouses and distribution parks, announced today that it has acquired three logistics assets in the strategically important town of Saint-Martin-de-Crau, France.
The three assets comprise two 20,000 SQ M warehouses, both fully let to international logistics service provider and port operator Katoen Natie, and a 42,000 SQ M warehouse which will be redeveloped.
The assets are all located in the town of Saint-Martin-de-Crau, strategically located between the A54 and A7 motorways offering easy and convenient access to the French port of Marseille.
Fabrice Cervoni, Managing Director Southern Europe Gazeley, said: “Our ambition has always been to develop a network of high quality logistics assets in strategic locations for the benefit of our customers. The acquisition of these assets, in such close proximity to the key port of Marseille, brings both a new customer and an exciting opportunity for prospective customers, further strengthening our position in the French market.”
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Gazeley is a leading developer, investor and manager of European logistics warehouses and distribu-tion parks with a 17 million square foot portfolio concentrated in the strategic logistics markets of the UK, Germany, France and the Netherlands. In addition to its operating portfolio, which is 96% leased to blue chip customers such as Amazon, UPS and Volkswagen, Gazeley has a prime land bank which allows for the development of an additional 16 million square feet. Gazeley is GLP’s Europe platform.
GLP is the leading global provider of modern logistics facilities and technology-led solutions, with over US$50 billion in assets under management across its real estate and private equity segments. The Company’s real estate fund platform is one of the largest in the world, spanning 667 million square feet) globally.
For further information about Gazeley please go to www.gazeley.com
For further information about GLP please go to www.glprop.com