Gazeley leases more than 4.1 million sq ft in Europe in 2016
20th February 2017
Gazeley, during 2016, has leased over 4.1 million sq ft of logistics warehousing across Europe. This extensive activity reflects the quality of Gazeley’s portfolio in Europe and its ability to source and deliver sites and assets that meet the specific needs of its customer base. Gazeley has more than 3 million sq ft of new developments committed across Europe for a range of customers.
Notable transactions in the past year include: • In the UK, 259,000 sq ft unit at Magna Park, Lutterworth and a 297,000 sq ft unit at Daventry Distribution Centre to two leading American ecommerce businesses. • Leasing of 1,399,000 sq ft in Hamburg to an ecommerce company. • A global German supermarket chain signed for 215, 200 sq ft in Moerdijk, Holland. • Over 1.6 million sq ft in France, including major French 3PL and a distributor and wholesaler of pharmaceutical, medical and healthcare products in France.
Pat McGillycuddy, Chief Executive Officer Europe, Gazeley, commented: “2016 was an extremely productive year for Gazeley. These lettings highlight our ability to deliver high quality space that suits our customers evolving requirements. Equally, our customer centric approach continues to underpin our high occupancy rates driving continued demand for our facilities across Europe. In 2017, our focus will be to deliver on a range of new developments to the highest standard for both new and existing customers, with more than 3 million sq ft committed across Europe.”
Gazeley 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 45 million square feet of distribution facilities near major markets and transport routes in North America, Europe and China. Gazeley is a portfolio company of Brookfield Asset Management.
For more information, please visit our website at www.gazeley.com