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GAZELEY COMPLETES AND LEASES 28,800 SQ M WAREHOUSE AT STUTTGART SOUTH 1, GERMANY

11 June 2019 – Gazeley, a leading investor and developer of logistics warehouses and distribution parks, announced today that it has completed construction of a 28,800 SQ M warehouse at Stuttgart South 1 in Germany. The warehouse has been leased to Elflein Logistics Europe GmbH, a new customer for Gazeley that provides third party logistics specialising in services for leading automobile manufacturers.

Construction on the site begun in September 2018 and was handed over to Elflein Logistics Europe at the end of May. The warehouse has a clear height of 10M, as well as 450 SQ M of office space.

Stuttgart South 1 is situated in the heart of Baden-Wuerttemberg and the Stuttgart metropolitan area. Baden-Wuerttemberg is a leading federal state and is one of the most important economic hubs in Europe.

Michael Gerke, Senior Development Director of Gazeley, said: “Today marks the completion of our second development in the Stuttgart area within the last nine months, both of which are fully leased. We are pleased to announce the delivery of this high-quality building, with Gazeley’s unrivalled sustainability credentials, to a new customer.”

Ingo Steves, Managing Director, Northern Europe of Gazeley, said: “Gazeley is continuing to grow in the German market and across Europe. This site is a demonstration of our customer-centric approach in our developments. We look forward to welcoming Elflein Logistics Europe.”

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