GLP recently announced the completion of a major solar photovoltaic roof installation at G-Park Zevenaar. G-Park Zevenaar is a 133,000 SQM logistics complex, and represents a major development in renewable energy by GLP Europe. G-Park Zevenaar is a significant solar PV project for the Netherlands. The logistics complex will house
GLP, the leading global business builder in logistics, digital infrastructure, renewable energy and related technologies, is set to speculatively develop 1.4 million SQ FT across four units in Magna Park Lutterworth (MPL), reflecting the sustained expansion and success of Europe’s largest dedicated logistics park. GLP has received detailed planning permission
The unit which totals 602,000 sq ft was built by leading logistics developer GLP and is the largest and most sustainable logistics building in the North of England. Glencar, a leading UK construction company that was recently ranked amongst Europe’s fastest growing businesses, has today announced that it has been
GLP, the leading global business builder, owner, developer and operator of logistics real estate, data centres, renewable energy and related technologies, has signed a 15-year lease for a 135,000 SQ FT warehouse at G-Park South Normanton. GLP completed G-Park South Normanton as a forward funded project with NFU Mutual at
GLP, a leading investor and developer of logistics warehouses and distribution parks, today announced that it has begun earthworks on the site of G-Park Ashby-de-la-Zouch. G-Park Ashby is a 48-acre development site benefitting from an outline planning permission to deliver build-to-suit logistics warehouse opportunities of up to 736,487 SQ FT.
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
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 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
Leased 1.28 million SQM in 2021 – a 64% increase compared to 2020 Accelerated acquisitions and completed developments over the last two years GLP, a leading investor and developer of logistics warehouses and distribution parks, announced record progress on investment, leasing and development activity in 2021, significantly expanding its presence
GLP, a leading investor and developer of logistics warehouses and distribution parks, today announces the successful lease of G-Park Villaverde warehouse in Madrid to a US e-commerce company. On a 70,000 SQM plot of land, GLP will develop a state-of-the-art building totaling approximately 17,000 SQM. Given its proximity to the city of Madrid, G-Park Villaverde is ideally located for last-mile distribution.
BDC 321 : Oct 2024
GLP recently announced the completion of a major solar photovoltaic roof installation at G-Park Zevenaar. G-Park Zevenaar is a 133,000 SQM logistics complex, and represents a major development in renewable energy by GLP Europe. G-Park Zevenaar is a significant solar PV project for the Netherlands. The logistics complex will house a vast roof-mounted solar PV system with a total installed capacity of 16.2MWp. It covers an area the size of 21 football pitches and will save 4,629 tonnes of CO2 in the first year and an anticipated 78,227 tonnes of CO2 across a 25-year period. G-Park Zevenaar is located at the business park 7Poort, located in the established and strong logistics region of Arnhem – Nijmegen which is ranked 5th in the Dutch Logistics Hotspot Ranking 2022. The site is located closely to the German border and along the main transport corridors connecting Rotterdam and Amsterdam to the European markets. G-Park Zevenaar has been constructed to BREEAM Excellent principles and the use of PV has enabled the project to be certified as BREEAM Excellent. In addition, the energy generated will be exported to the grid and part of it will be diverted to the tenant for on-site consumption. Throughout the installation and construction process, measures have been taken to protect indigenous birds and plants, benefiting local nature. Philippe Hendriks, Country Director, Netherlands, GLP Europe, commented: “Embedding renewable energy generation, including solar PV, is critical for investors, developers, landlords and occupiers to achieve their net zero targets and future-proof assets. GLP is actively committed to this change in the logistics sector. The economic benefits that customers will enjoy through the cost savings in energy reduction will be just one of many attractions this project will offer to future occupiers. ” Building, Design & Construction Magazine | The Choice of Industry Professionals
GLP, the leading global business builder in logistics, digital infrastructure, renewable energy and related technologies, is set to speculatively develop 1.4 million SQ FT across four units in Magna Park Lutterworth (MPL), reflecting the sustained expansion and success of Europe’s largest dedicated logistics park. GLP has received detailed planning permission for four new warehouses, three in Magna Park South, MPS Unit 9 (388,000 SQ FT), MPS Unit 10 (119,000 SQ FT) and MPS Unit 11 (136,000 SQ FT) and one building in Magna Park North, MPN 5, measuring 761 000 SQ FT. All units are due for practical completion by the end of Spring 2024. MPN 5 will be a Breeam Outstanding building with all three other developments planned to achieve Breeam Excellent. Each unit will be net-zero in construction and independently certified by the Planet Mark. GLP will also be supporting customers to reduce energy and operational costs, by providing a complimentary Planet Mark program to help monitor, track and reduce their respective carbon footprint. The buildings will be designed to WELL principles with the occupiers in mind, with GLP aiming to provide a more productive and pleasant working environment for employees. In addition, GLP are currently building a 200-acre Country Park enhancing the park’s facilities and providing recreation areas for both customers and the wider community. Last year, GLP also partnered with North Warwickshire and South Leicestershire College, and Wincanton to house The Centre for Logistics, Education and Research (CLEAR) – a unique research, innovation, education, and training facility for both customers on the park and the wider logistics industry. Magna Park Lutterworth now has only one building available to lease, MPS 5 (187, 253 SQ FT), with a further two build to suit plots available for development, MPN 7 (411,000 SQ FT) and MPN 6 (840,000 SQ FT). In the last two phases of spec development, the park has welcomed customers such as Bleckmann, Iron Mountain, LX Pantos and Unipart. This underlines the sustained levels of new and repeat customer demand for the high-quality environment that Magna Park Lutterworth offers, which now consists of 47 buildings and is over 13m SQ FT. Joe Garwood, Senior Development Director at GLP, remarks: “We are extremely pleased to announce such a significant level of speculative build across our flagship UK logistics park. This is a testament to our confidence in the resilience of the UK logistics market and the strategic importance of the Midlands in particular. We have seen huge success with our speculative development programme at Lutterworth to date, attracting a wide range of top-tier customers, and we’re confident that we will see strong demand for this new space. Once finalised and occupied, the four units will generate hundreds of employment opportunities and contribute towards the economic growth and commercial upskilling of the Midlands region.” Building, Design & Construction Magazine | The Choice of Industry Professionals
The unit which totals 602,000 sq ft was built by leading logistics developer GLP and is the largest and most sustainable logistics building in the North of England. Glencar, a leading UK construction company that was recently ranked amongst Europe’s fastest growing businesses, has today announced that it has been appointed by Maersk, the Danish shipping and logistics company to undertake comprehensive fit-out works at Mammoth 602, a 602,000 sq ft warehouse development situated at GLP’s G-Park Doncaster development that it has recently occupied. The £12M project will comprise of the fit out of the existing office areas to category A standard, Warehouse high level services and minor external works alterations. Warehouse area fit-out includes lighting, sprinklers including works associated, frost protection, fire alarm and small power. Works started at the beginning of February are expected to be complete at end of the September 2023. G-Park Doncaster is situated in the logistics capital of the North, just 6 miles from the centre of Doncaster, providing easy access to all parts of the UK and mainland Europe via its central position, along with a vast skilled workforce. Commenting on the appointment Tom Kersley, Glencar Commercial Director said: “Mammoth 602 is an incredible development and the largest such fit-out project Glencar have been awarded to date since establishing our new special projects division so we are suitably delighted. The specialist knowledge and expertise we have built our name on within the Industrial & Logistics lends itself perfectly to support the needs of a growing number of occupiers requiring specialist fit-out and enabling works. We look forward to expanding our offering in the face of increasing demand. We also look forward to working with the team at Maersk and delivering to their exacting needs”. Mammoth 602 is a strong example of GLP’s commitment to sustainability across its developments. It is GLP’s third building to be net zero carbon for construction, in line with the UKGBC framework, and is part of the Planet Mark accreditation scheme which helps to further reduce the carbon footprint for the occupier. The development benefits from best-in-class specification that is built for logistics, including two 50m service yards, 20m clear internal height, 60 dock levellers, 16 large dock levellers, 24 level access and 4 van level access doors with visibility from the M18. There is also 28,762 SQ FT of office space within the building, 217 HGV parking spaces, and 372 car park spaces. Building, Design & Construction Magazine | The Choice of Industry Professionals
GLP, the leading global business builder, owner, developer and operator of logistics real estate, data centres, renewable energy and related technologies, has signed a 15-year lease for a 135,000 SQ FT warehouse at G-Park South Normanton. GLP completed G-Park South Normanton as a forward funded project with NFU Mutual at the end of 2022, developed by Clowes. It forms part of the development within Castlewood Business Park, just north of Nottingham, which totals over 1.5 million SQ FT of warehouse space and is home to a range of top-tier tenants including Co-op Food, Alloga and Parker Knoll. The site is located in the logistics hub of the East Midlands, directly accessible from the A38 dual carriageway which links to J28 of the M1. It is part of a large strategic cluster of logistics space around J28, with access to the West Midlands market and the east coast ports, and within easy reach of major cities including Nottingham, Manchester, Liverpool and Birmingham. The region also benefits from a vast, highly-skilled labour pool in the surrounding community. The warehouse has been developed to high specification, including 12 dock level doors, 4 level access doors, 12.5m eaves and 50m yard depth. The development has obtained a BREEAM Very Good and an EPC A rating. Adrienne Howells, Senior Development Director at GLP, commented: “G-Park South Normanton Castlewood is another important step in our ongoing commitment to the Midlands – one of the UK’s major logistics hubs. We’re continuing to invest in the region to provide high-quality, strategically located, sustainable logistics space to our growing pool of top-tier customers. Using a forward funded model for this project demonstrates the breadth of our skillset as we find inventive ways to increase our capacity at pace, given the high levels of demand and constrained supply in the market.” Building, Design & Construction Magazine | The Choice of Industry Professionals
GLP, a leading investor and developer of logistics warehouses and distribution parks, today announced that it has begun earthworks on the site of G-Park Ashby-de-la-Zouch. G-Park Ashby is a 48-acre development site benefitting from an outline planning permission to deliver build-to-suit logistics warehouse opportunities of up to 736,487 SQ FT. Earthworks are progressing rapidly and are expected to be finished by early 2023, with the full development set to complete by Q1 2024. The site has a prime location in the Midlands logistics hub, in the heart of the Golden Triangle. G-Park Ashby is conveniently situated adjacent to the A42 and A511, providing access to the M42 to the South and the M1 10 miles to the North East. Urban hubs Birmingham, Nottingham and Leicester are all close by, with Manchester, Liverpool and London also easily accessible. East Midlands Airport, only 10 miles away, and Birmingham International Airport, 29 miles away, also provide convenient air links for transportation. The site can be developed as either one single unit or two units, depending on customer requirements, with clear internal heights of up to 18 metres. As with all GLP’s developments, the units will be built to enhanced specification and will follow GLP’s rigorous ESG standards. The development will be BREEAM Excellent and WELL ready, and will feature a range of sustainability features including rainwater harvesting and energy tracking and consumption tools for customers. The development is a prime example of the care taken by GLP to respect and nurture the natural environment. For example, a colony of great crested newts was discovered on the site, which GLP has taken significant time and consideration to rehome, delaying progression with the earthworks until the colony was safely relocated. There will also be an extensive green outdoor space for landscaping and nature, including ecological ponds. Adrienne Howells, Senior Development Director at GLP, said: “G-Park Ashby is an exciting addition to our portfolio in the Midlands and indicates our ongoing confidence in opportunities in the Golden Triangle, following the success of projects such as Magna Park Lutterworth. Trends such as e-commerce have buoyed already high demand for prime logistics space, particularly high-quality, conveniently-located, sustainable facilities such as this.” Not only will this new development bring excellent opportunities for our customers; it will also boost employment in the region, creating almost 1000 new jobs and providing major benefits for the local economy. Once again, we are planning our development with place-making as a priority, focusing on environmental features such as our ponds, green open spaces and our G-Hive bee programme.”
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.”
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.
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.
Leased 1.28 million SQM in 2021 – a 64% increase compared to 2020 Accelerated acquisitions and completed developments over the last two years GLP, a leading investor and developer of logistics warehouses and distribution parks, announced record progress on investment, leasing and development activity in 2021, significantly expanding its presence across Europe. GLP saw high levels of activity and growth across its European business over the past twelve months. Total Assets under Management (AUM) as at 31 December 2021 was €14.3bn ($16.2bn) with an operating portfolio of 6.4 million SQM, comprising 216 properties and a further 21 under development. This compares to 31 December 2020, when GLP’s Total AUM was €10.3bn ($12.7bn) with a portfolio of 4.9 million SQM across 171 properties. In response to the continued growing demand for logistics space, GLP has accelerated its development programme, starting 27 new projects comprising 688,000 SQM of new space across Europe – a new record for GLP. This takes GLP’s total completed assets to 5.6 million SQM at the end of 2021, compared to 2.4 million SQM at the end of 2019. GLP’s leasing activity has been equally strong, with a total of 240 customers across its portfolio at the end of 2021, compared to 82 in 2019. In 2021, GLP agreed new or expanded leases on 1.1 million SQM of logistics space, up from 683,000 SQM in 2020 and 462,000 SQM in 2019. In addition, GLP renewed leases on 198,000 SQM of space – nearly double its 2020 figures. Today, GLP’s retention rates stand at 74% across Europe with a lease ratio of 97%*. GLP has had continued success supporting customers from outside the EU to enter European markets. In 2021, GLP agreed 14 leases to non-European customers compared to 8 in 2020. Nick Cook, President, GLP Europe, commented: “The growth of GLP has been fantastic to be a part of. We sit within one of the most important sectors in the global economy and one which has come to the fore over the past two years. Our development and leasing activity reflects the strength of the logistics market, despite broader macro-economic challenges. We are particularly pleased to see the continued confidence that our customers place in us reflected in our high occupancy and retention rates. We are grateful to our extraordinary team for delivering these results in such difficult conditions.”
GLP, a leading investor and developer of logistics warehouses and distribution parks, today announces the successful lease of G-Park Villaverde warehouse in Madrid to a US e-commerce company. On a 70,000 SQM plot of land, GLP will develop a state-of-the-art building totaling approximately 17,000 SQM. Given its proximity to the city of Madrid, G-Park Villaverde is ideally located for last-mile distribution. In addition, it is well-connected to the M-40, without passing through residential areas. It offers the possibility of a 100% sustainable distribution service to the city, using electric vehicles and bicycles (10 minutes by delivery lorry, 40 minutes by conventional bicycle and 20 minutes by electric bicycle from the warehouse to the center of Madrid). The logistics warehouse will generate a high number of jobs, which will benefit the surrounding urban centers. In addition, the connections with local metro services, buses and Madrid trains will facilitate easy access for staff using public transport to reach G-Park Villaverde. The logistics center has state-of-the-art sustainability features. The logistics platform is BREEAM Very Good certified, reflecting GLP’s commitment to developing sustainable spaces across its European portfolio. Among the many sustainability and wellness features are an energy production and management system and increased insulation. In addition, this project will have measures compatible with wellness certifications for employee wellbeing. These include improved lighting and acoustics, water fountains and pleasant recreational environments. All these measures will help to attract employees and improve employee productivity. Oscar Heras, Country Director of GLP Spain, says: “We are pleased to welcome a new customer to G-Park Villaverde. This logistics project combines cutting-edge design with the most innovative quality and sustainability standards. Furthermore, our ESG commitment reflects our desire to respect the wellbeing of the surrounding communities, ensuring that our presence brings benefits.”
