04 October 2018 – Gazeley, a leading investor and developer of logistics warehouses and distribution parks, announced today that it is commencing construction of a 24,000 sqm warehouse in Arras, France.
Construction on the site began at the end of September and is expected to complete and be available for occupation in March 2019. The warehouse will be divided into two sections, both standing at approximately 12,000 sqm accommodating two separate occupants or one customer in both units. Upon completion, Gazeley will be looking to secure a minimum BREEAM Good certification, underlining its excellent sustainability credentials.
The development will continue to bolster Gazeley’s presence in France. As it stands, Gazeley operates more than 550,000 sqm of space with a landbank allowing for the development of an additional 500,000 sqm of logistics space in strategic locations across the country.
The site has excellent transport links, is strategically located near the A1 and A26 motorways in the localised Northern France logistics market, and allows direct access not only to the markets of Northern France, but also to the wider Benelux region.
Fabrice Cervoni, Managing Director Southern Europe, Gazeley, said: “The site has excellent transport links making it a prime location for our customers. The region is a leading economic hub in France and Benelux and the site’s location in the heart of the logistics market will no doubt be attractive to our prospective customers. This development further strengthens our position in France, continuing to expand in a crucial market where there is a growing demand for logistics and distribution.”
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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 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