GLP acquires new plots in Spain to consolidate position as a leading player

This past year has seen great strategic progress in the development of GLP warehouses and logistics parks in Spain

GLP has an ambitious growth plan in Europe for the coming years, which involves consolidating its position as one of the leading players in the Spanish market. The world leader in investment management and business development in logistics, real estate, infrastructure, finance and related technologies manages around 150,000m2 of logistics platforms in Spain and expects to grow at the same rate annually. "As part of the GLP Group, our growth plans in Spain are based not only on development, but also on the acquisition of assets and portfolios in ideal locations for modern logistics," explained Óscar Heras, country director of GLP in Spain. "We are also working on undertaking technology-related and sustainable activities linked to the logistics real estate sector. All this while maintaining and reinforcing the virtues that have characterised us for more than 30 years, such as quality, customer service and being pioneers in technology and aspects related to sustainability and ESG," he added.

They currently have a warehouse in Illescas (Toledo), where DHL Supply Chain manages Zalando's logistics in Spain, and another in Valls occupied by the e-commerce firm Aosom. They also have other logistics projects on the peninsula, such as G-Park Pinto, a project specially designed to meet the demands of e-commerce companies and 20 km from the centre of Madrid; G-Park Guadalajara, a 47,172m2 state-of-the-art warehouse; and Magna Park Sagunto, a 130,000m2 plot for companies that need a distribution centre in the south of Europe with excellent transport connections to the entire continent. They have also completed the purchase of a 75m2 plot in Villaverde (Madrid) and have signed a turnkey lease for a last mile project.  They recently announced the acquisition of a 28 hectare plot of land in Illescas, where they plan to build around 180,000m2 under the name Magna Park Tauro, as well as another plot in Santa Perpètua de la Mogoda, Barcelona, in a strategic location for last mile logistics, just 18 km from Barcelona.

According to the company, in addition to the aforementioned projects already carried out or underway, they are now looking for new land that will allow them to carry out XXL and Last Mile projects, both in Catalonia and the central area of the peninsula, without losing sight of strategically interesting areas such as Malaga, Seville and the Basque Country. "Our focus is always on high-quality logistics assets, with a technology and sustainability component that allows us to meet the new demands of our customers," a spokesperson said.

Photo: GLP