IDI Gazeley Leases 5,000 SQ M (54,000 SF) to Veolog Overseas at Magna Park Fos, Marseille, France

Building situated in the Distriport zone within the Port of Marseille

PARIS, February 09,2015 – IDI Gazeley (Brookfield Logistics Properties), a leading global investor and developer of logistics warehouses and distribution parks, has today announced the lease of a 5,000 SQ M (54,000 SF) logistics warehouse to Veolog Overseas, a specialist port logistics operator and part of the Labatut Group, at its Magna Park Fos situated on the port of Fos-Marseilles, France.
 
The company has leased a storage cell of 4,700 SQ M (50,600 SF), which includes 200 SQ M (2,153 SF) of office accommodation within IDI Gazeley’s existing 20,000 SQ M (215, 285 SF) warehouse facility.

The building, developed in 2006 by IDI Gazeley, is located in the Distriport zone within the port of Fos-Marseille, France’s largest and most signficant port, situated at the gateway to the Mediterranean.

Speaking about the announcement, Fabrice Cervoni, Managing Director of IDI Gazeley France said, “We are delighted to welcome Veolog Overseas to our Magna Park Fos development on the port of Fos-Marseilles. The much sought after multi-modal capabilities offered by this site, together with its superb strategic location and high quality of service were the key factors in Veolog’s decision to come to Fos and choose IDI Gazeley.”

Also speaking about the announcement, Jean-François Mounic, Managing Director of Labatut Group said, “Veolog Overseas is the new port logistics subsidiary created by Labatut Group, to meet the needs of our customers that increasingly require on port storage facilities for the efficient import and export of their goods. The location of the Magna Park Fos development proved ideal for our business. The speed of delivery and the trustworthy relationship which we quickly established with IDI Gazeley were also key factors.”

CBRE advised both parties on the deal.

For further information please contact:
IDI Gazeley
Caroline Ferlande
+33 (0)1 44 43 49 52
caroline.ferlande@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 commercial real estate around the globe. Their diversified portfolio includes interests in over 400 office and retail properties encompassing 265 million square feet, 44 million square feet of industrial space, 28,000 multi-family units, over 300 automotive dealerships and an 80 million-square-foot development pipeline. These assets are largely located in North America, Europe, and Australia but also include a growing presence in China, Brazil and India.

For information, please visit www.brookfieldpropertypartners.com

 

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