European warehouse developer Gazeley is moving out of the City of London financial district, and returning its London office to Mayfair in the West End.
The new office at 50 New Bond Street comprises 2,133 m2, with capacity for 50 people. Gazeley returns to the West End five years after it quit the desirable area, for the City.
Nick Cook, president & CEO of Gazeley, said: ‘We are relocating our London office and making the return to Mayfair at an exciting time for the company.
‘The expansion of the London office follows a series of new hires as Gazeley continues to execute on its growth strategy and build our offering in the UK and across Europe.
‘We still have a number of growth ambitions and look forward to the next chapter in our evolution which will be supported through this office move.’
Gazeley has up to €4 bn to deploy in the form of two development funds worth €2.2 bn each, resulting from the acquisition of the company by Asia’s biggest warehouse operator GLP.
Talking with PropertyEU recently, the company openly entertained ambitions of becoming one of the top three logistics developers in Europe.
The firm is opening an office in Milan, Italy, having previously shut down its operation in the Italian market.
Between 2016 and 2018, the firm developed just over 400,000 m2 of industrial space. It has assets in the UK, Germany, France, Spain and the Netherlands. Tenants include blue-chip companies, including e-commerce titan Amazon, sportswear manufacturer Adidas and the auto giant Volkswagen.