DLA Piper has advised Gazeley on the leasing of a new logistics building to Schneider Logistik, located in the Schwäbische Alb business park in Geislingen/Steige, Germany.

The company will lease a total of 12,500 square meters of hall and mezzanine space, and will relocate its headquarters to the building following a planned move the end of the year.

Gazeley is a leading owner, investor, developer and manager of prime logistics real estate in Western Europe, including warehouses and distribution parks. The company holds a 17 million square foot portfolio concentrated within the strategic logistics markets of the UK, Germany, France and the Netherlands.

In addition to its operating portfolio, of which 98% is leased to blue chip customers including Amazon, UPS and Volkswagen, Gazeley has a prime land bank which will allow for the development of an additional 16 million square feet in the future.

Gazeley is wholly owned by GLP, one of the world’s largest real estate fund managers, and leading global provider of modern logistics facilities and solutions.

The Munich-based DLA Piper Real Estate team was led by partner Dr Martin Haller, assisted by associate Catharina Voß. Previously, the team advised on the development of the property.