MAGNA PARK MONTICELLI IS A KEY STRATEGIC LOCATION ALLOWING EASY DISTRIBUTION THROUGHOUT NORTH ITALY
MILAN (July 8, 2015) – Gazeley (Brookfield Logistics Properties), a leading global investor and developer of logistics warehouses and distribution parks, has today announced that Whirlpool, a leading global manufacturer of home appliances, has signed a long-term lease to occupy a 43,000 SQ M (462,848 SF) logistics warehouse situated at Magna Park Monticelli at Piacenza, North Italy.
The building will be operated by Scerni Logistics, an established provider of Third Party Logistics (3PL) Services who also occupy the remaining 14,105 SQ M (151,824 SF) space within the overall warehouse facility.
Speaking about the announcement, Gazeley Senior Development Director Italy Benjamin Khafi Grynfas said: “We are delighted to welcome Whirlpool to our Magna Park Monticelli development. This outstanding strategic location, exceptional quality and customer service were all key factors in in Whirlpool’s decision to locate in Monticelli.”
Also speaking about the deal, Gazeley Chief Executive Officer Europe and China Pat McGillycuddy said: “The arrival of well known, global manufacturer, Whirlpool to Magna Park Monticelli represents another significant milestone for Gazeley as we continue to strengthen our platform and expand our customer offer across Europe.”
“As our global platform continues to develop, we are dedicated to delivering exceptional products and customer service to all our clients wherever they may be.”
Also commenting on the announcement, Alessandro Agostini, Whirlpool Supply Chain Procurement Leader – EMEA, said: “We are very pleased to be partnering with Gazeley on a strategic and beneficial lease agreement in Monticelli which we hope can be the starting point for further cooperation going forward.”
Directly connected to highways A1 and A21, Magna Park Monticelli offers customers easy access to the Greater Milan area and conurbation. The park can accommodate up to 144,500 SQ M(1,555,385 SF) of high quality, built-to-suit logistics warehouse space.
In addition to Whirlpool and Scerni Logistics, it is home to the logistics operations of Italia Logistica, one of the largest Third Party Logistics (3PL) providers in Italy, which manages the logistics activities for Enel, a leading multinational producer and distributor of electricity and gas.
The site forms part of a broader network of Magna Park distribution centres that Gazeley is developing in North Italy linking with two other Magna Parks already in operation and established in Villanterio (Pavia) and San Bellino (Rovigo).
For more information please contact:
Gazeley Italy Press Office
T: +39 335 805 6962
Gazeley (Brookfield Logistics Properties) is one of the world’s leading investors and developers of logistics warehouses and distribution parks with 50 million square feet of premier assets under management and additional prime land sites to develop another 55 million square feet of distribution facilities near major markets and transport routes in North America, Europe and China. As part of Brookfield Property Partners, we belong to one of the world’s largest and most sophisticated owners, operators and investors in real estate.
For further information, please visit www.brookfieldlogisticsproperties.com
Brookfield Property Partners is one of the world’s largest commercial real estate companies. Our goal is to be the leading global owner, operator and investor in best-in-class commercial property assets. Our diversified portfolio includes interests in over 100 premier office properties and over 150 best-in-class retail malls around the globe. We also hold interests in multifamily, industrial, hotel and triple net lease assets through Brookfield-managed private funds.
For further information, please visit www.brookfieldpropertypartners.com.