Gazeley Announces Further Growth in Europe with a Deal to Develop a 19,000 SQ M (204,514 SQ FT) Regional Distribution Centre for Leading Italian Retailer

MILAN - 14 January 2014, Gazeley, a leading global investor and developer of logistics warehouses and distribution parks has today announced a deal to develop a 19,000 sq m (204,514 sq ft) temperature controlled built to suit warehouse for a leading Italian retailer at G.Park Trezzo.

The building which will be developed in line with Gazeley’s market leading sustainable design concept will feature a range of cutting edge environmental technologies and serve as a regional storage platform to support the growth of the retailer and expansion into the northwest Italian retail market.

G.Park Trezzo is a 15 hectare site, located to the east of Milan on the strategically important A4 Milan-Venezia highway and can accommodate built to suit distribution warehouses of up to 48,000 sq m (517,000 sq ft).

Speaking about the project, Benjamin Khafi Grynfas, Gazeley Development Director in Italy, said, “The development of G.Park Trezzo signals our growing presence in the Italian market. It also demonstrates the strength of the reputation we have for responding rapidly and professionally to the requests of our retail customers. It is this reputation which sees us continue to secure deals despite the current climate.”

Commenting on the deal, the Mayor of Trezzo, Danilo Villa, said, “We are very satisfied to have had the opportunity to work with Gazeley. This new centre will be vital in our plans to relaunch the economy of the area.”

For more information, please contact:

Silvia Bombardi
Marketing Coordinator
T: +39 02 63 79 37 80
E: silvia.bombardi@gazeley.com

Notes to Editors:

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 have 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.

Media Inquiry

North America
Reed Barrickman
+1.404.479.1626
reed.barrickman@idigazeley.com

Europe
Ged Brumby
Smithfield Consultants
+44(0)20 3047 2527
gbrumby@smithfieldgroup.com

Rob Yates
Smithfield Consultants
+44(0)20 3047 2546
ryates@smithfieldgroup.com