BDC

Search
BDC Magazine

glp europe

Invisible Systems monitoring has reduced total fuel wastage by a third at VolkerFitzpatrick’s Magna Park Site.

Invisible Systems monitoring has reduced total fuel wastage by a third at VolkerFitzpatrick’s Magna Park Site.

VolkerFitzpatrick, one of the UK’s leading engineering and construction companies, has successfully reduced fuel wastage by a third (34%) on its Magna Park construction site in Corby, Northamptonshire. This remarkable achievement was made possible through the installation of fuel monitoring systems provided by Invisible Systems, a leading Manchester-based Internet of

Read More »

GLP acquires nine-acre site at Trafford Park

GLP, a leading investor and developer of logistics warehouses and distribution parks, recently announces that it has acquired a site in Trafford Park, south-west of Manchester city centre, totalling nine acres. The site is currently occupied by Tenmat, a leading manufacturer of advanced materials and components who is subsequently relocating

Read More »

GLP leases second building at Magna Park Lutterworth to Iron Mountain

GLP, a leading investor and developer of logistics warehouses and distribution parks, today announces that it has successfully leased a 500,000 SQ FT warehouse at Magna Park North Lutterworth, MPN2, to Iron Mountain, the leading US enterprise information management services company. This is Iron Mountain’s second lease at Magna Park

Read More »

GLP Announces €1.2 billion First Close for EIP III, the Third Vintage of its Flagship Pan-European Income Logistics Fund Series

GLP announced today that it has reached a €1.2 billion (~$1.3 billion) first close for GLP Europe Income Partners III SCSp (“GLP EIP III”), which seeks to generate long-term, stable returns by investing in high-quality and well-designed properties in key logistics and distribution locations across Europe. GLP EIP III is

Read More »

GLP TO DEVELOP 53,000 SQ M UNIT AT HEIDENHEIM LOGISTICS CENTRE

GLP, a leading investor and developer of logistics warehouses and distribution parks, today announces the development of a 53,000 SQ M unit at Heidenheim Logistics Centre. The 53,000 SQ M development is fully leased to an international e-commerce company. Construction began in August 2020 and the warehouse is expected to

Read More »

Latest Issue

BDC 318 : Jul 2024

glp europe

Invisible Systems monitoring has reduced total fuel wastage by a third at VolkerFitzpatrick’s Magna Park Site.

Invisible Systems monitoring has reduced total fuel wastage by a third at VolkerFitzpatrick’s Magna Park Site.

VolkerFitzpatrick, one of the UK’s leading engineering and construction companies, has successfully reduced fuel wastage by a third (34%) on its Magna Park construction site in Corby, Northamptonshire. This remarkable achievement was made possible through the installation of fuel monitoring systems provided by Invisible Systems, a leading Manchester-based Internet of Things (IoT) solution provider. Following the highly successful trial, that also resulted in considerable savings in costs and reductions in carbon emissions, the monitoring systems have been permanently implemented and usage recommendations have been shared across other divisions within the VolkerFitzpatrick business portfolio.  Magna Park in Corby, Northamptonshire is one of the UK’s largest dedicated logistics and distribution parks, with VolkerFitzpatrick responsible for construction. Invisible Systems’ intelligent I-System monitoring solution was installed, to deliver data and insights on energy usage on site, together with the company’s energy management system Eco Lync. Eco Lync intelligently switches off your non-essential assets when the demand for energy spikes, subsequently reducing carbon emissions and saving on business costs.   VolkerFitzpatrick was then able to analyse the performance data from the systems to identify unnecessary fuel usage, with a focus on reducing fuel wastage. This in turn, led to the implementation of a range of improvements both on site and to their supply chain to ensure the plant is performing at its most optimal.  One example of this is the monitoring discovered that there were more than 300 litres of fuel being used over the weekend when nobody was on site. Therefore, the on-site team, with the support of Invisible Systems’ partner Sunbelt Rentals optimised EcoLync to ensure all power to the heating and hot water would be switched off during evenings and weekends.  During the trial phase, VolkerFitzpatrick saved an average of 550 litres of fuel per week and reduced on-site weekly fuel consumption by 34%, driven by a massive 89% reduction in overnight fuel usage and a 40% reduction in weekend fuel consumption. This led to a financial saving of hundreds of pounds weekly and a substantial weekly carbon reduction of 1.26 Tonnes of CO2e.   Following the trial, VolkerFitzpatrick has continued to use the systems and in addition, VolkerFitzpatrick has recommended monitoring should be used on all projects with a battery storage unit and Eco Lync going forward.   Jamie Robertson, CEO of Invisible Systems, highlighted the significance of monitoring energy consumption from the construction stage, stating, “Working with our client’s means giving them data and insights that can then lead to proven results –ultimately saving them money and contributing to cutting carbon emissions. This partnership with VolkerFitzpatrick is a great example of how our monitoring systems have made a clear impact on their bottom line and supported their push for more sustainable ways of working. Both things of increasing importance to the industry, especially given the need to provide Scope 3 emission reporting to clients.”    Toby Harvell, Sustainability Engineer for VolkerFitzpatrick said: “Invisible Systems has provided VolkerFitzpatrick with a best practice method that ensures our innovative Magna Park plant operates according to our standards. The insights shared by Invisible Systems were invaluable in identifying areas where we were wasting fuel. Through the date provided our on-site team has then been empowered to take smart, and essentially simple actions, leading to positive impacts on carbon emissions and cost savings. This further demonstrates our commitment to achieving Net Zero of our operational emissions by 2035.”   For more information on reducing energy usage in the construction industry and working towards achieving net zero goals, visit https://www.invisible-systems.com/.  Building, Design & Construction Magazine | The Choice of Industry Professionals 

Read More »

GLP acquires nine-acre site at Trafford Park

GLP, a leading investor and developer of logistics warehouses and distribution parks, recently announces that it has acquired a site in Trafford Park, south-west of Manchester city centre, totalling nine acres. The site is currently occupied by Tenmat, a leading manufacturer of advanced materials and components who is subsequently relocating to a site in Irlam at the end of 2022, and has significant redevelopment potential. Cushman & Wakefield advised Tenmat on the sale of the site and the relocation to Irlam. Trafford Park is the premier industrial estate in the North West, covering approximately 1,940 acres and employing 40,000 people. Trafford Park was the first purpose-built industrial park in the world and remains one of the largest industrial parks in Europe, accommodating over 1,300 businesses including Amazon, Unilever, P&G and DHL. Manchester is also one of the UK’s most thriving cities for business and commerce, with the Greater Manchester economy having doubled in size since 2000. The park has excellent connectivity by road, rail and air, strategically located within five miles of Manchester city centre and benefitting from good access to the national motorways network, Metrolink tram and light railway system, and airports including Manchester Airport (11 miles away) and Liverpool John Lennon Airport (27 miles away). The site is within a five-minute drive of junctions nine and ten of the M60 motorway, and the Manchester Freightliner Terminal also provides approximately 20 daily services to the UK’s deep seaports.  Adrienne Howells, Development Director at GLP, comments: “This is an exciting opportunity to acquire an attractive site in one of the largest, most well-connected logistics parks in the UK and Europe. The site lends itself to multiple redevelopment opportunities, including reformatting as a large single unit of around 200,000 SQ FT or splitting into an arrangement of smaller units. GLP has been extremely active in the UK recently and this latest acquisition and development intention indicates our confidence in the North West region.” Rob Taylor, Partner at Cushman & Wakefield, comments: “This site represents one of the best opportunities to secure development land in a prime location in the region.  There was strong interest in the site and we are delighted to have completed the sale on behalf of our client Tenmat and to achieve the result we have. We look forward to working with Tenmat and GLP over the coming months, as Tenmat starts the process of relocating to its new site in Irlam and a new future beckons for the Trafford Park site, with one of the most active developers in the UK at present.”

Read More »

GLP leases second building at Magna Park Lutterworth to Iron Mountain

GLP, a leading investor and developer of logistics warehouses and distribution parks, today announces that it has successfully leased a 500,000 SQ FT warehouse at Magna Park North Lutterworth, MPN2, to Iron Mountain, the leading US enterprise information management services company. This is Iron Mountain’s second lease at Magna Park Lutterworth, having signed a lease for a 300,000 SQ FT MPN3, in December 2021, bringing the company’s total leased space within the park to 800,000 SQ FT. Completion of both buildings is expected imminently. With this latest agreement, GLP has leased all 1 million SQ FT of speculative space at Magna Park North Lutterworth ahead of practical completion.   Magna Park Lutterworth is the UK and Europe’s largest dedicated logistics and distribution park, situated within the Midlands’ ‘Golden Triangle’ of logistics. Home to 36 different customers and occupying in excess of 11 million SQ FT of sustainable floor space across 41 buildings, Magna Park Lutterworth is GLP’s flagship distribution park. Both buildings leased by Iron Mountain have best-in-class specification and ESG features including wide service yards, significant HGV and car parking allocations, dock levelers, level access doors, increased natural light, electric vehicle charging and abundant power supply. Each warehouse is also BREEAM Excellent, designed to WELL principles and features a range of sustainability and energy efficiency measures. Olivia Hinds, Development Director at GLP, explains: “We are delighted to welcome Iron Mountain to Magna Park Lutterworth across their two buildings totalling 800k sq.ft and we look forward to supporting them with their future expansion. This has been a period of significant activity at Magna Park Lutterworth with a series of development and lease agreements to valued customers. The leasing of all 1 million sq.ft of speculative space at Magna Park North ahead of practical completion is testament to the parks position as Europe’s leading logistics and distribution park and indicates the strong levels of demand we have seen for high quality warehouse space.”  

Read More »

GLP Announces €1.2 billion First Close for EIP III, the Third Vintage of its Flagship Pan-European Income Logistics Fund Series

GLP announced today that it has reached a €1.2 billion (~$1.3 billion) first close for GLP Europe Income Partners III SCSp (“GLP EIP III”), which seeks to generate long-term, stable returns by investing in high-quality and well-designed properties in key logistics and distribution locations across Europe. GLP EIP III is the third vintage of the firm’s flagship pan-European logistics income fund series, targeting €1.5 billion+ of total equity commitments and in excess of €3 billion of assets under management (“AUM”) once fully deployed[1]. Past performance does not predict future returns. Ralf Wessel, Managing Director of Fund Management, GLP said: “Today’s announcement represents another vote of confidence from our investors. Our Europe business continues to demonstrate continued momentum and strong demand and GLP EIP III seeks to enable GLP and its capital partners to capture the market opportunity. We expect to increase the fund size beyond its initial target on the back of strong investor demand and a robust acquisition pipeline.” Daan van den Hoven, Managing Director, GLP Europe, said: “We believe European logistics market fundamentals remain highly attractive, driven by structural supply constraints coupled with robust demand emanating from accelerating e-commerce penetration rates across major European economies. GLP has carved a niche by leveraging our network and expertise to source both single asset and portfolio deals, most of them off-market, to provide investors with immediate scale to capitalise on strengthening sector tailwinds.” Investor demand for GLP EIP III for the first close has been led by leading institutional investment partners, the majority of whom are existing GLP investors. Through this transaction, GLP welcomes its first Japanese investors into its Europe fund series. GLP EIP III is actively managed and seeded with a portfolio of 34 high-quality logistics assets comprising ~1.5 million square metres (~16 million square feet) in strategic logistics locations across Europe. The seed portfolio comprises a high proportion of newly built assets with an average age of ~2.5 years, and was mainly sourced via off-market transactions, leveraging GLP’s expansive investment origination channels and global relationships with owners and customers to source both single asset and portfolio deals. The EIP series was launched by GLP in 2017. GLP EIP III’s immediate predecessor fund – the €1.6 billion, 2020-vintage GLP EIP II – was fully allocated within 18 months on the back of strong occupier demand and low vacancies across major European markets. In Europe, GLP is one of the longest-standing fully-integrated logistics investors[2], developers and operators and manages approximately €14 billion (~$15 billion) of AUM across Europe’s strongest logistics markets[3]. Please read this important notice: This is a marketing communication. Please refer to the Private Placement Memorandum (“Memorandum”) of GLP EIP III before making any final investment decisions. An investment in GLP EIP III entails a high degree of risk. Investors should consider all of the risk factors set forth in section VIII – “Risk Factors” of the Memorandum, each of which could have an adverse effect on GLP EIP III and on the value of interests in GLP EIP III. There can be no assurances or guarantees that GLP EIP III’s investment objectives will be realized, that GLP EIP III’s investment strategy will prove successful or that investors will not lose all or a portion of their investment in GLP EIP III. Furthermore, investors should not construe the performance of any predecessor GLP-sponsored funds as providing any assurances or predictive value regarding future performance of GLP EIP III. As with all performance data, past performance can provide no assurance of future results. The scenarios presented in this press release are an estimate of future performance based on evidence from the past on how the value of this investment varies, and/or current market conditions and are not an exact indicator. There is no assurance that these returns will be achieved. What you will get will vary depending on how the market performs and how long you keep the investment. Future performance is subject to taxation which depends on the personal situation of each investor and which may change in the future. Investment may lead to a financial loss if no guarantee on the capital is in place. [1] Within 3 years from the final closing date. [2] GLP’s Europe platform was originally founded in 1987 and GLP was awarded the 2021 PERE Award “Logistics Investor of the Year: Europe” in March 2022. [3] AUM refers to the market value of GLP’s real estate assets and uncalled capital commitments grossed up at target loan-to-value ratio. As of December 2021.

Read More »

Logistics 2.0: new logistics parks are becoming green, smart and environmentally friendly

The construction of new logistics parks has “turned green”, is energy-efficient and environmentally friendly. According to GLP, one of the leading investors and developers of industrial, logistics and distribution parks, this is a key trend that will drive the world of logistics in the coming years. “There is a significant demand for modern, high-quality industrial and logistics facilities that offer more than just warehouse space. Companies are willing to pay for higher standards because they have a lot to gain. It also pays to integrate the development sensitively into the surrounding environment, offering more green space and also investing in the surrounding infrastructure. This helps build relationships with the municipalities and communities affected by the development,” says Jan Palek, GLP’s director for the Czech Republic and Slovakia. The emphasis on quality and the introduction of new technologies in the construction of logistics parks has meant a huge shift in the industry in recent years: companies using logistics developments are among the fastest growing, especially in ecommerce , distribution, but also light industrial production. For their further development and expansion, they need quality premises that can accommodate logistics or production facilities and also provide a friendly environment for employees. The demand for “smart” buildings is driven by new client requirements. They demand flexible spaces that adapt to their needs. “They want to monitor traffic and be able to control the costs associated with it. At the same time, they expect the developer to look to the future and offer innovative solutions. That’s why we are designing buildings with the possibility of installing photovoltaic panels and making technological and construction preparations for charging stations for electric vehicles. They may not be used immediately, but they will be available when it makes economic sense,” explains Filip Krzywoň, Technical Manager at GLP Czech Republic and Slovakia. GLP is building three current projects in Chrášt’any near Prague, Holubice near Brno and Ostrava-Hrušov according to these standards. Although some of them are just starting to be built, their capacity is already almost leased. Smart technologies reduce operating costs and make business easier Applying a sustainability and ESG approach to business is now also very important for investors. They consider not only how much to invest and what their return will be, but also what impact the investment will have on the surrounding environment. All of this increases the certainty of a long-term return on investment and is therefore becoming an integral part of new logistics projects. Investing in smart technology is one of the many ways we can meet our ESG commitments. “We are helping to create efficiencies by saving energy resources, time and money. The integration of various types of technologies including data analytics, robotics, automated clearance systems, digital loading docks, smart sorting, telematics, fleet management systems, and Internet of Things (IoT) are all designed to increase efficiency,” Jan Palek summarises. A practical example is technology for intelligent measurement and data collection, for example monitoring the frequency of loading gate openings. It increases gate clearance rates by 95% and loading dock utilisation by up to 50%. It also pays to improve working conditions for employees. “We are improving the quality of the environment in our buildings. We are installing technologies to improve air quality, acoustic comfort and also building rest areas. We avoid toxic or harmful materials and prefer environmentally friendly ones,” explains Jan Palek, GLP’s director. A related trend is the design of new buildings using an electronic building model using the BIM (Building Information Modeling) method. “The virtual building model contains information about all components. Maintenance can then be carried out quickly and easily. We offer a digital helpdesk linked to the BIM database, so that if, for example, a fault is reported in the air conditioning system, we immediately know where the problem is and have all the relevant documentation and information needed to solve it immediately,” explains Filip Krzywoň. Energy-efficient and environmentally friendly construction The trend towards sustainability is also supported by rising energy prices, which increase the demand for energy-efficient buildings with quality insulation and traffic management technologies. These make it possible to control energy, water, HVAC and lighting use. They also allow rainwater to be used for watering or flushing toilets. “Conventional warehouses will gradually lose popularity because their operating costs will be high,” adds Jan Palek. Sustainability is also reflected in energy management. “Our vision is that we will supply the renewable solar electricity we generate to the clients we lease our premises to. It has to be economically interesting for them, of course. Therefore, the specific installations will be decided only after the projects are completed and based on the current conditions,” adds Jan Palek. A responsible approach concerns not only the development of industrial real estate, including logistics parks, but also their immediate surroundings: the local environment and communities. “We build the complexes in such a way that they blend in with the surrounding environment. We pay attention to park landscaping that serves to relax employees and visitors. Our aim is for all our new buildings to be BREEAM Very Good or equivalent in terms of sustainability,” says Jan Palek. The broader concept of accountability also includes close cooperation with neighbouring communities, especially local governments or associations. This includes investment in the infrastructure of the municipalities. “We typically invest, for example, in increasing the capacity of water supply lines, upgrading wastewater treatment plants, building bio-corridors, contributing to the construction of schools, parks and other projects that would be difficult for municipalities to implement on their own,” concludes Jan Palek, GLP’s director.

Read More »

GLP completes record leasing & announces new round of spec development at Magna Park Lutterworth

GLP, a leading investor and developer of logistics warehouses and distribution parks, today announces that it has successfully leased multiple warehouses at Magna Park Lutterworth to top-tier customers, along with commencing speculative development on four units at Magna Park South Lutterworth. Magna Park Lutterworth is the UK and Europe’s largest dedicated logistics and distribution park, situated within the Midlands’ ‘Golden Triangle’ of logistics. Home to 36 different customers and occupying over 11 million SQ FT of sustainable floor space across 41 buildings, Magna Park Lutterworth is GLP’s flagship distribution park. The deals in the park include two spec build lettings and a build to suit transaction in the North, plus a letting of an existing building in Magna Park Central: Bleckmann, a fashion and lifestyle supply chain expert, has leased the first of the three “spec builds” in Magna Park North, taking a 200,102 SQ FT building (MPN1) on a long-term lease. The warehouse will be used to service Bleckmann’s increasing number of contracts and will be the company’s second unit leased at Magna Park Lutterworth, after it acquired Tornado-186 18 months ago. Iron Mountain, an information management services company, has signed an agreement to lease MPN3, the third spec building under construction, totaling 297,194 SQ FT. This will support Iron Mountain’s UK expansion strategy.  MPN3 is expected to complete by the end of March 2022.  LX Pantos has taken a building on a built to suit basis – MPN4, totaling 310,000 SQ FT, which is expected to complete by July 2022. LX Pantos is upsizing from an existing facility and plans to use the warehouse to service LG Electronics, amongst other top brands. In a separate development, GLP has completed the letting of Hurricane-258, a 258,000 SQ FT cross-docked distribution unit located within the Magna Park Central Lutterworth development, to Rhenus Home Delivery.  Rhenus intends to operate the unit as a two-man lift operation in response to the further growth of their home delivery business. The letting brings the park close to 100% occupancy, with only MPN2, GLP’s 500,000 SQ FT spec build, available. MPN2 is currently under construction and is expected to complete in March 2022. Following the highly successful development of 1.2 million SQ FT (Phase one) last year in Magna Park South (MPS), GLP has announced it has commenced the next phase (Phase two) of speculative development in MPS, with another 1 million SQ FT being constructed across four buildings. The development will see the construction of 186,000, 211,000, 256,000 and 355,000 SQ FT buildings respectively. Work on-site will commence in Q2 and is expected to complete by Q4 2022. As with all GLP’s developments, the existing and new units follow GLP’s rigorous ESG development standards and benefit from best-in-class specification including wide service yards, significant HGV and car parking allocations, dock levelers, level access doors, increased natural light, electric vehicle charging and abundant power supply. Each development is also BREEAM Excellent, designed to WELL principles and features a range of sustainability and energy efficiency measures. Joe Garwood, Senior Development Director at GLP, explains: “This marks an exciting time in the ongoing development of Magna Park Lutterworth, which has been firmly established as Europe’s leading logistics and distribution park. The park has seen unprecedented development and leasing activity in recent months, with GLP completing eight deals over the course of last year totaling 2.2 million SQ FT. We are delighted to partner with such well-established companies, and we look forward to working with Bleckmann, Iron Mountain, LX Pantos and Rhenus Home Delivery and supporting them as they grow.”  

Read More »

GLP TO DEVELOP 53,000 SQ M UNIT AT HEIDENHEIM LOGISTICS CENTRE

GLP, a leading investor and developer of logistics warehouses and distribution parks, today announces the development of a 53,000 SQ M unit at Heidenheim Logistics Centre. The 53,000 SQ M development is fully leased to an international e-commerce company. Construction began in August 2020 and the warehouse is expected to complete in August 2021. It will have a clear height of 10 M, increased floor loading capacity, 110 dock doors, as well as 285 car parking spaces. Heidenheim Logistics Centre is centrally located to the east of Baden-Wuttermberg, one of the most established logistics locations in Europe. It benefits from direct access to the A7 motorway, enabling Stuttgart, Augsburg, Nuremberg and Munich to be reached in less than 2 hours of drive time. Michael Gerke, Senior Development Director at GLP, said: “”The industrial area “Am Rinderberg” is the ideal location for our project. The immediate proximity to the A7 motorway, the central location in southern Germany between Stuttgart and Munich and the excellent support of the city of Heidenheim a.d. Brenz were decisive factors in the choice of location.”

Read More »