Global logistics developer Gazeley has reached an agreement with Ceva Logistics for the development and leasing of a logistics facility of 56,000 m[sup]2[/sup] in Ontigola, Southern Madrid. Gazeley said that it will look for a 100,000 m[sup]2[/sup] plot of land where it will be building the property. The first stage of development is due for completion in the first quarter of 2009, with final construction to be completed at the end of 2009.
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