IDI Gazeley Germany announces project to develop new 430,500 SF (40,000 SQ M) build-to-suit distribution center for subsidiary of Rigterink Logistik Gruppe close to Frankfurt

Construction of the new facility - leased to food distribution company SLL, has now started and is due for completion by the end of 2015

FRANKFURT (June 30, 2015) - IDI Gazeley (Brookfield Logistics Properties), a leading global investor and developer of logistics warehouses and distribution parks, has today announced details of a project to develop a new 430,500 SF (40,000 SQ M) build-to-suit food distribution center for SLL, a subsidiary of Rigterink Logistik Gruppe at a site close to Frankfurt.

Construction on the 18 acre (7.3 hectares) site located in the industrial area of Floersheim, only 6 miles from Frankfurt Rhine-Main airport and directly adjacent to the motorways A3 and A60, has begun. The building will be used by food distribution company SLL for storage and distribution of food-based products, including for well-known global brand and food manufacturer Mars.

Speaking about the announcement, Ingo Steves, IDI Gazeley Head of Operations Europe and China and Germany Country Head said: “We are very pleased to once again be working with Rigterink Logistics Group, which is a real demonstration of their trust in IDI Gazeley and strength of our relationship.”

Romald Heuvelmans, Customer Logistics Director – Market Logistics at Mars GmbH, is looking forward to the continued cooperation with service provider SLL and commented: “We have been working successfully with Rigterink Logistik Gruppe for more than 30 years now. The new multi-user warehouse will be a tremendous step ahead in view of achieving our cooperation initiative “Agenda 2017.” The new sustainable warehouse will also enable us to attain our CSR target to become CO2-neutral by 2040.” 

In further comment, Arne Rigterink, shareholder of SLL said “Following the successful completion of IDI Gazeley’s first build-to-suit project for our group at Jena, they were our first choice when we were looking for a project developer and investor for this new project. IDI Gazeley was able to secure a site for us in an ideal location and will design the property to comply with the DGNB silver standards in terms of energy-efficiency and ecological features. This is an important milestone for us in order to achieve the “Lean and Green Award.”

Also speaking about the deal, Jay Cornforth, Managing Partner Brookfield, Global Head of Industrial said: “We are pleased to have the opportunity to work again with Rigterink for the new facility in Frankfurt.  Our promise to deliver world class service and quality on every project gives our customers confidence in us as a trusted partner. We will deliver another industry leading facility to help Rigterink grow its business and serve its customers.”

For further information please contact:

Kordula Kiefer-Kempf
IDI Gazeley Press Office Germany

T: +49 (69) 256 1299-11
E: Kordula.kiefer-kempf@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 55 million square feet of premier assets under management and additional prime land sites to develop another 50 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 one of the world’s largest commercial real estate companies. Our goal is to be the leading global owner, operator and investor in best-in-class commercial property assets. Our diversified portfolio includes interests in over 100 premier office properties and over 150 best-in-class retail malls around the globe. We also hold interests in multifamily, industrial, hotel and triple net lease assets through Brookfield-managed private funds.

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

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Reed Barrickman
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