IDI Gazeley leases more than 4.1m sq ft in Europe in 2016

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

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. 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.

Pat McGillycuddy, Chief Executive Officer Europe, IDI Gazeley, commented: “2016 was an extremely productive year for IDI 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.”