IDI Gazeley Announces the Start of Inventory Development in the U.K.

Construction Underway on the Development of a 97,672 SF (9,074 SQ M) Logistics Warehouse at its G.Park Enfield Development Site in North London

LONDON, February 5, 2015 – IDI Gazeley (Brookfield Logistics Properties), a leading global investor and developer of logistics warehouses and distribution parks, has today announced the start of a programme of inventory development in the U.K. with the construction of a 97,672 SF (9,074 SQ M) logistics warehouse at its G.Park Enfield development site in North London.

The building will comprise of 92,204 SF (8,566 SQ M) of warehouse space with 4,736 SF (440 SQ M) of two storey office space. It will feature 12.5m clear internal height, 10 dock doors and 8 level access doors, 23 HGV parking spaces and 90 car parking spaces.

The building is expected to complete and be available for immediate occupation at the start of July this year. It sits on a 5.2 acre plot, adjacent to the 90,000 SF dot.com distribution centre previously developed by IDI Gazeley for leading supermarket retailer Tesco on a fast-track basis in just 9 weeks in 2012.

It will be developed to the BREEAM very good certification as standard with all new IDI Gazeley construction projects.

Speaking about the announcement, Nigel Godfrey IDI Gazeley Executive Director and U.K. Country Head said, “We are delighted to announce the start of inventory development in the UK with the project at G.Park Enfield. We are seeing healthy demand for new, sustainable distribution warehouse space across all of our primary markets in the U.K. and we are confident that the development of this plot on the park in the much sought after north M25 logistics location will yield much interest. A full marketing programme has started and we look forward to attracting an occupier soon.”

Also commenting about the announcement, IDI Gazeley Europe & China Chief Executive Officer Pat McGillycuddy said, “This project, together with the recent completion of a 269,000 SF (25,000 SQ M) inventory building in Germany at our flagship Magna Park Kassel development, offers a clear signal of intent to expand our activity to serve the demands of our growing customer community. We expect to make further announcements in due course.”

G.Park Enfield is situated in a prominent north London location, fronting the M25 between junction 25 and junction 26. Local occupiers include Iceland, BT, JLP, JJ Foods, Sainsbury’s and Tesco.

The development is ideally placed for dot.com, e-commerce, logistics and retail warehousing requirements and operations.

For further information please contact:
IDI Gazeley
Nick Brown
T: +44(0)207 901 4455
M: +44(0)7590 076105
E: nick.brown@brookfieldlogistics.com

About IDI Gazeley
IDI Gazeley (Brookfield Logistics Properties) is one of the world’s leading investors and developers of logistics warehouses and distribution parks with 60 million square feet of premier assets under management and additional prime land sites to develop another 63 million square feet of distribution facilities near major markets and transport routes in North America, Europe and China. As part of Brookfield Property Partners, we belong to one of the world’s largest and most sophisticated owners, operators and investors in real estate.

For further information, please visit www.brookfieldlogisticsproperties.com.

About Brookfield
Brookfield Property Partners is a leading owner, operator, and investor in best-in-class real estate around the globe. Their diversified portfolio includes interests in over 300 office and retail properties encompassing 250 million square feet, 60 million square feet of industrial space, 22,000 multi-family units, 11 hotels, and a 100-million-square-foot development pipeline. These assets are located in North America, Europe, and Australia with a small presence in China, Brazil and India.

For information, please visit www.brookfieldpropertypartners.com.

Nos bureaux dans le monde

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