GAZELEY OPENS NEW OFFICE IN ITALY

Gazeley, a leading investor and developer of logistics warehouses and distribution
parks, announced today that it has opened a new office in Milan and is appointing Roberto Piterà as
the Country Manager, Italy.

This re-entry to the market signifies Gazeley’s commitment to its ambitious expansion programme
across Europe following its successful return to Spain last year. The immediate priority in Italy will be
to source and acquire new land for development to allow Gazeley to support its customers in this
market. Gazeley also intends to grow its platform and customer base in Italy through selective
acquisitions.

Roberto Piterà, previously head of the industrial & logistics department at CBRE, will take on the role
of Country Manager for Italy and will report to Fabrice Cervoni, General Manager for Southern
Europe. Piterà brings with him over twenty years of experience in the industrial property and logistics
sectors, accrued at companies including Pirelli RE and JLL.

Fabrice Cervoni, General Manager for Southern Europe, said: “After our successful return to
Spain in 2018, we look forward to establishing a presence in Italy with the opening of the new Milan
office. The addition of Roberto, who is one of the most experienced logistics real estate professionals
in Italy, will be hugely valuable as build operations to support our customers.”

Roberto Piterà, Country Manager, Italy, said: “This is a very exciting time to join Gazeley. With the
logistics market enjoying continuous growth and consistently high levels of demand for modern and
high-quality warehouses, Gazeley is exceptionally well positioned to capitalise on the opportunities in
Italy. My first priority is to continue to offer both new and existing clients the exceptionally high levels
of service and innovation which Gazeley is known for.”