Gazeley Announces Purchase of 281,000 SF High Specification Logistics Asset in Prime West Yorkshire UK Distribution Market

Acquisition underlines Gazeley’s position as “Developer Investor”

LONDON, 10 February 2014 – Gazeley, a leading global investor and developer of logistics warehouses and distribution parks has today announced the purchase of a 281,000 sq ft (26,130 sq m) high specification distribution warehouse at Wakefield Europort, West Yorkshire’s premier distribution park.

The building, to be marketed as G.Park Wakefield Europort, is the largest logistics warehouse currently available on the Wakefield Europort site and sits immediately adjacent to the M62 Motorway - one mile from junction 31. The unit is currently being refurbished with completion expected in April 2014.

Wakefield Europort is widely regarded as the region’s most successful and established distribution park and is home to many leading brands including Asda, Warburtons, Argos, TK Maxx, Kuehne and Nagel and Royal Mail.  

Speaking about the acquisition, Senior Development Director Bruce Topley commented: “Gazeley is focused on growing its business through the strategic acquisition of industrial assets including vacant warehouses, land banks and other appropriate income producing industrial assets. The acquisition of this Grade A warehouse is in keeping with this strategy and is a significant addition to our UK logistics asset portfolio. Wakefield Europort is a fantastic location from which our customers will be able to unlock the potential of Northern England. We believe that it will prove to be a compelling proposition for new and existing customers alike.”

G.Park Wakefield Europort is the second major acquisition made by Gazeley in as many months. The announcement follows the acquisition, made at the start of December, of an 18.5 acre strategic logistics site in Daventry in the Midlands of the UK, able to accommodate new-build logistics warehouse opportunities in excess of 250,000 sq ft.

Moriarty & Co advised Gazeley on the purchase. JLL advised the vendor.

About Gazeley
Gazeley is a leading global investor and developer of logistics warehouses and distribution parks. We have been in business for over 25 years and are the longest running developer of logistics real estate in the world. We have a proven track record in delivering cost effective warehouses and distribution parks for many of the world’s leading brands.

We are experts in developing high quality build to suit solutions. By using industry leading specifications and working with a spirit of partnership, our high calibre teams consistently deliver best in class real estate solutions that exceed our customer’s expectations.

Gazeley has operational platforms in the UK, Europe and China and can be relied upon as a trusted global partner. A global capability delivered by local excellence is fundamental to the success of our business.  We have developed in excess of 7 million sq m of warehouses for over 130 customers and currently control a global land bank of 1,050 hectares. As responsible long term owners, we typically own the buildings we develop, providing quality asset and property management services to our customers.

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Contacts Relations Presse

Amérique du Nord
Reed Barrickman
+1.404.479.1626
reed.barrickman@idigazeley.com

Europe et Au-delà
Ged Brumby
Smithfield Consultants
+(0)20 7903 0674
gbrumby@smithfieldgroup.com

Rob Yates
Smithfield Consultants
+(0)20 7903 0625
ryates@smithfieldgroup.com