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    GAZELEY COMPLETES 29,000 SQ M WAREHOUSE IN VALLS, TARRAGONA

    GAZELEY COMPLETES 29,000 SQ M WAREHOUSE IN VALLS, TARRAGONA

    8th July 2020

    08 July 2020 – Gazeley, a leading investor and developer of logistics warehouses and distribution
    parks, today announces the completion of a new 29,000 SQ M warehouse, G-Park Valls, near
    Barcelona in Spain. The development was built by Norton Edificios Industriales.

    The new warehouse has been specifically designed to target logistics, distribution and ecommerce
    companies and is now available for occupation. This development marks Gazeley’s first investment in
    Catalonia and its third asset in Spain.

    The warehouse has been optimised for maximum storage space with a clear height of 11.7 metres, 28
    dock doors and separate access for vehicles and pedestrians. The building will have a BREEAM Very
    Good certification reflecting Gazeley’s commitment to developing sustainable spaces across its
    European portfolio.

    The area, within Barcelona’s third ring road, is a well-known logistics hub in the region and already a
    Spanish home to some of the leading brands in Europe including IKEA, Kellog´s, Lear and others. The
    site has excellent transport links being situated only 25km from the port of Tarragona and 90km from
    Barcelona airport.

    The leasing broker for the new warehouse is Invertica.

    Oscar Heras, Director, Spain, Gazeley, said: “Since re-entering the Spanish market in 2018, we have
    been looking at a range of opportunities where we can utilise our leading development team to bring
    exceptionally high-quality buildings to our customers. We are delighted to be able to complete our first
    investment in Catalonia and have seen a growing demand for space in this region due to its exceptional
    transport links and proximity to key markets. Whether we lease to a new or existing customer, we look
    forward to welcoming them to this fantastic and ideally located facility.”

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