Building work now underway in Stuttgart
Gazeley has announced that construction work on an over 20,000 sqm logistics hall in Stuttgart (Germany) will start this week. Completion date for the Stuttgart-Süd 2 distribution park is scheduled to end in November this year.
When finished, the facility will have a 10 m ceiling height and offer around 270 sqm of office space. More than 13,000 sqm of space in the logistics park has already been taken on long-term lets; approximately 7,900 sqm is still available for letting.
Gazelely’s current acquisition and development plan enables the property developer and investor to step up its presence in Germany, where it already has almost 1 million sqm of space at strategic locations. (mw)