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Gazeley to construct 30,000 sq m in Italy
UK-based logistics solutions provider
Gazeley
has begun construction on a 30,500 square metre warehouse at Magna Park Monticelli, Northern Italy, for Italia Logistica, one of the largest third part logistic providers in Italy, on behalf of electricity provider Enel Distribuzione.
The 16 million euros facility, due to be completed in March 2010, will serve the business needs of Enel Distribuzione in the North of Italy by consolidating existing distribution platforms into one logistics hub.
The building, due to be delivered in March 2010, will serve the business needs of Enel Distribuzione in the North of Italy by consolidating existing distribution platforms into one logistics hub.
The development represents an investment of €16 million and the lease will run for an initial nine years, with a potential six-year extension. The building is strategically located at Gazeley’s flagship Magna Park development in Italy at Monticelli D'Ongina in close proximity to Piacenza, one of the most important logistics hubs in Italy. The building being developed for Italia Logistica is immediately adjacent to an existing 57,000m2 unit which is currently available.
Thomas Karmann, Senior Vice President, European Operations, Gazeley commented, “We are delighted to be supporting Italia Logistica in helping its customer achieve key business objectives. The well located development will facilitate the company’s consolidation of operations in Italy and demonstrates Gazeley’s ability to deliver bespoke sustainable solutions in record time – a mere eight months from start on site to completion in this case.”