German logistics firm extends Gazeley lease deal
Dubai, August 25, 2010
Gazeley, a subsidiary of Dubai-based Economic Zones World, has announced that Zufall Logistics Group, a top German forwarding and logistics services company, has signed a two-year lease extension for its existing warehouse at Fulda, Germany.
A leading provider of sustainable logistics and industrial space, Gazeley said the built-to-suit facility is mainly used for transportation logistics, and has a capacity to store up to 340,000 car and lorry tyres in a 19,000 sq m area.
Gazeley is expected to deliver an additional mezzanine floor space of 1,000 sq m to the logistics service provider. The lease agreement for the two facilities are now valid till mid 2016, said a top official.
Ingo Steves, country director Gazeley Germany said: “We are pleased to support the expansion needs of our customers in a flexible way. The present agreement is another testimony to the high quality and the excellent design of our product.”
The long-standing partnership between the two companies started in 2004, when Gazeley delivered a 10,000 sq m shed for Zufall at Erfurt, Thuringia, demonstrating its ability to deliver high-quality buildings within a tight timeframe and to an agreed cost programme.
The company went on to build another 10,000 sq m development for Zufall in 2006 at Magna Park Kassel.
Gazeley has also developed two more projects for the Zufall logistics group, comprising a total of 75,000 sq m. The third, a 19,000 sq m warehouse at Fulda, Northern Hesse was completed in May 2009, while the fourth a 36,000 sq m logistics space at G. Park Kandel near Karlsruhe n the South West of Germany.
Gazeley has so far built over 60 million sq ft of highly efficient, carbon positive logistics and industrial spaces and distribution parks across the world.
Apart from Gazeley, Economic Zones World’s portfolio includes Jafza, its flagship free zone, TechnoPark, a research driven business and industrial park, and Dubai Auto Zone.-TradeArabia News Service
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