28 March 2019 – Gazeley, a leading investor and developer of logistics warehouses and distribution parks, today announces the development of three new warehouses that will total 83,000 SQ M in Venray, the Netherlands, as it continues to grow its presence across Europe.
The site, a former Xerox plant in Smakterheide, will be delivered across three phases. The development of phase one is due to complete in August of this year and is fully leased to global supply chain provider Syncreon.
This is Gazeley’s first development in the Netherlands since opening an office in Amsterdam last year. Syncreon has an existing relationship with Gazeley at another site in the region and is working closely with the company once again to ensure that all of its development needs are being met.
The building is being constructed in accordance with the BREEAM Very Good certification.
Phillipe Hendriks, Development Director at Gazeley said: “As Gazeley continues to grow in the Netherlands and Europe, our commitment to our customers remains the same, highlighted by this new partnership with an existing customer. We are delighted to be working with Syncreon again to deliver this warehouse and we look forward to engaging with new customers as we begin development of phases two and three.”
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Gazeley is a leading developer, investor and manager of European logistics warehouses and distribution parks with a 17 million square foot portfolio concentrated in the strategic logistics markets of the UK, Germany, France, Spain and the Netherlands. In addition to its operating portfolio, which is 98% 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 US$64 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 73 million square meters (785 million square feet). In 2019, GLP was recognised by Private Equity Real Estate (PERE) as Global Firm of the Year and Logistics Investor of the Year.
For further information about Gazeley please go to www.gazeley.com
For further information about GLP please go to www.glprop.com