Global logistics space provider Gazeley has announced the purchase of a 405,000 m[sup]2[/sup] site in the British Midlands from Barwood Developments and Deutsche Bank's RREEF funds for an undisclosed amount. The site has outline planning grants for 140,000 m[sup]2[/sup] of logistics space. The company hopes to commence redevelopment of the site at the end of 2008. The scheme is expected to have a total estimated value of £125mln (EUR 158mln).
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