Day: 7 March 2019

Combilift has received the Deloitte Platinum Best Managed Company award for the 7th consecutive year. The Irish forklift OEM won following a detailed qualification and judging process that evaluates the entire management team and business strategy, looking beyond financial performance at criteria such as operational excellence, strategic planning, governance and talent strategy.

Accepting the award co-founder and Managing Director of Combilift Martin McVicar acknowledged the customer focus that drives Combilift and reiterated the company’s plans for further global growth. “This award recognises the commitment that we in Combilift have made to growing our business in global markets. We currently export 98% of our production to 85 markets across world and are constantly innovating and developing new products in response to new challenges faced by our customers. Each year we invest 7% of our turnover in Research and Development. This Deloitte award recognises that innovation and commitment. Innovation is at the core of everything we do especially in the development of new solutions for our customers.”

The Best Managed Companies Programme originated in Canada in 1993, where it is the country’s leading business awards programme. In addition to Ireland and Canada, the programme is also run in The Netherlands, Belgium, Turkey, Mexico, Chile, with upcoming launches taking place in Germany, China, the Nordics and Scotland.
In a further recognition of the success of Combilift its Managing Director Martin McVicar has been invited by Deloitte to attend the inaugural Best Managed Companies awards in China later this month.

Pictured accepting the award are Robert Moffett, Technical Director, Combilift and Martin McVicar, Managing Director, Combilift with Simon Boucher, CEO, IMI and Danny Murray, Partner, Deloitte

Gramercy Europe, a major pan-European real estate investment fund manager specialising in logistics and industrial assets, has acquired two warehouses in Lyon and Rouen, France, for €37 million. It takes Gramercy’s investment in France in the past 12 months to a total of nine assets and a total investment value in France of circa €220 million.

Alistair Calvert, CEO of Gramercy Europe, commented:
“Occupier demand for modern logistics space continues to outstrip supply, underpinning significant rental growth and whilst e-commerce penetration in France is currently lower than other major Western European economies, we expect it to catch up in the medium term, which is why we have such a high exposure for our latest fund in this market.”

Both acquisitions sit firmly in Gramercy’s investment strategy sweet spot; Lyon is a fast-growing logistics hub forecast to see above average rental growth; whilst Rouen reflects Gramercy’s focus on assets that are critical to the tenant’s operations and close to significant population centres.

In Lyon, France’s third largest city, Gramercy has acquired a modern, purpose built, 22,567 sqm logistics facility, developed in 2012, for €22 million. As part of the sale and leaseback, Gramercy has secured a leading 3PL provider on a new eleven year, double net lease.

Lyon is a major French logistics location, located along the North-South “Dorsal” Axis and benefitting from a high population density and robust consumer demand. The property is in a prime logistics park located between Lyon City Centre and Lyon-Saint Exupery International Airport.

Gramercy has also acquired a 16,568 sqm warehouse (above) in Rouen, Normandy, from Groupe Financier JC Parinaud, for €15 million, let to one of France’s largest postal service companies, the government-owned La Poste. Constructed as a postal sorting facility, it functions as La Poste’s regional headquarters and main sorting and distribution centre for post and small parcels. This small parcel business line is expanding rapidly and is directly correlated to growing e-commerce penetration in France.

Gramercy Europe, a major pan-European real estate investment fund manager specialising in logistics and industrial assets, has acquired two warehouses in Lyon and Rouen, France, for €37 million. It takes Gramercy’s investment in France in the past 12 months to a total of nine assets and a total investment value in France of circa €220 million.

Alistair Calvert, CEO of Gramercy Europe, commented:
“Occupier demand for modern logistics space continues to outstrip supply, underpinning significant rental growth and whilst e-commerce penetration in France is currently lower than other major Western European economies, we expect it to catch up in the medium term, which is why we have such a high exposure for our latest fund in this market.”

Both acquisitions sit firmly in Gramercy’s investment strategy sweet spot; Lyon is a fast-growing logistics hub forecast to see above average rental growth; whilst Rouen reflects Gramercy’s focus on assets that are critical to the tenant’s operations and close to significant population centres.

In Lyon, France’s third largest city, Gramercy has acquired a modern, purpose built, 22,567 sqm logistics facility, developed in 2012, for €22 million. As part of the sale and leaseback, Gramercy has secured a leading 3PL provider on a new eleven year, double net lease.

Lyon is a major French logistics location, located along the North-South “Dorsal” Axis and benefitting from a high population density and robust consumer demand. The property is in a prime logistics park located between Lyon City Centre and Lyon-Saint Exupery International Airport.

Gramercy has also acquired a 16,568 sqm warehouse (above) in Rouen, Normandy, from Groupe Financier JC Parinaud, for €15 million, let to one of France’s largest postal service companies, the government-owned La Poste. Constructed as a postal sorting facility, it functions as La Poste’s regional headquarters and main sorting and distribution centre for post and small parcels. This small parcel business line is expanding rapidly and is directly correlated to growing e-commerce penetration in France.