Warehouse and DC Developer Increases European Footprint

6th February 2017

Logistics BusinessWarehouse and DC Developer Increases European Footprint

IDI Gazeley, a leading investor and developer of logistics warehouses and distribution parks, says that it leased over 4.1 million sq ft of logistics warehousing across Europe in 2016.

This extensive activity reflects “the quality of IDI Gazeley’s portfolio in Europe and its ability to source and deliver sites and assets that meet the specific needs of its customer base”, it said. The figures also highlight” the company’s ability to effectively manage its assets and understand the requirements of current and future clients”.

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 one of the world’s leading ecommerce companies.
– 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 one of the leading distributors and wholesalers of pharmaceutical, medical and healthcare products in France.

IDI Gazeley has more than 3 million sq ft of new developments committed across Europe for a range of customers.