07 February 2019 – Gazeley, a leading investor and developer of logistics warehouses and distribution parks, announces today that it has commenced construction of a 48,000 SQ M warehouse near Madrid, Spain. Gazeley is undertaking the project in collaboration with Jesthisa a local developer specialising in industrial platforms.
The site, to be named G-Park Guadalajara, is strategically located in the consolidated Henares industrial park north of Madrid and has direct access to the A2 and R2 highways that lead to both Madrid and Barcelona, providing excellent transport links for the distribution centre. The proximity with the city of Guadalajara gives the site excellent access to a good pool of labour.
The building is striving for a BREEAM “Very Good” certificate, further underlining Gazeley’s environmental credentials and a key focus for its new developments.
This project marks the second development for Gazeley since it re-entered the Spanish market, the first being a 38,000 SQ M warehouse in Illescas that is also due to complete this year.
Oscar Heras, Director, Spain said: “We are continuing to grow our presence in Spain following our re-entry to the country in October last year and this project highlights the opportunity and potential that exists in the Spanish logistics market.”
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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 approximately US$60 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 71 million square meters (780 million square feet).
For further information about Gazeley please go to www.gazeley.com
For further information about GLP please go to www.glprop.com