Gazeley, a leading global developer of logistics warehouses and distribution parks, has completed work on a 387,231sq ft (35,975 sq m) distribution centre for fashion retailer, H&M, in the Spanish town of Torrejon de Ardoz, north east of Madrid.
The €25m build-to-suit facility was completed in 37 weeks and delivered to the customer 11 weeks ahead of schedule. The building, which is expected to be fully operational by 16 July 2012, marks H&M’s continued growth within Spain and across the rest of Europe.
The distribution centre has been designed in line with the technical and environmental requirements to achieve the LEED Silver Certificate (Leadership in Energy and Environmental Design).
Jose de la Calle, managing director Gazeley Spain and Portugal, said: “This multi-million pound project has been a key development for Gazeley Spain. Working closely with H&M was vital from the offset to ensure we delivered the prime location, size and design that was required to meet the retailer’s exact business needs.
“Our expertise and experience to complete on budget and ahead of time ensured this development was a success and further cements our position as the industry’s leading build-to-suit developer.”
The building is to be let on a 24-year lease agreement.