IDI Gazeley leases more than 4.1m sq ft of warehousing in Europe in 2016

IDI Gazeley has announced that it leased more than 4.1m sq ft of logistics warehousing across Europe in 2016.

The company has more than 3m sq ft of new developments committed across Europe for a range of customers.

Pat McGillycuddy, Chief Executive Officer Europe, IDI Gazeley, commented: “2016 was an extremely productive year for IDI Gazeley. These lettings highlight our ability to deliver high quality space that suits our customers evolving requirements. Equally, our customer centric approach continues to underpin our high occupancy rates driving continued demand for our facilities across Europe. In 2017, our focus will be to deliver on a range of new developments to the highest standard for both new and existing customers, with more than 3 million sq ft committed across Europe.”

IDI Gazeley stated that notable transactions in 2016 included:

  • In the UK, 259,000 sq ft unit at Magna Park, Lutterworth and a 297,000 sq ft unit at Daventry Distribution Centre to two leading American e-commerce businesses.
  • Leasing of 1,399,000 sq ft in Hamburg to an e-commerce company.
  • A global German supermarket chain signed for 215,200 sq ft in Moerdijk, Holland.
  • Over 1.6m sq ft in France, including a French 3PL and a distributor and wholesaler of pharmaceutical, medical and healthcare products in France.

Source: IDI Gazeley