GLP hands over Mannheim 1 logistics centre

Frankfurt, 23 May 2024 - GLP, a leading global developer, owner and operator of logistics real estate, data centres and systems for renewable energy and related technologies, has handed over a newly developed logistics property to a leading German manufacturer of commercial vehicles. The 17,500 square metre (m2) warehouse will be used for picking, packing and shipping of high-value products.

GLP acquired the property, including the previous building, a warehouse, in 2015. After the previous tenant moved out, the development was replaced by a new, state-of-the-art logistics property in 2023. Around 20,000 cubic metres of recycled material from the previous building were used in the construction process.

The new building was realised in accordance with the strict environmental protection criteria of the German Sustainable Building Council (DGNB) and the DGNB Gold standard. The property is characterised by numerous sustainability features. These include a system of energy-efficient air-to-air heat pumps and a building roof pre-equipped for the installation of a PV solar system. 15 rear unloading doors and five ground-level doors, including three doors with a canopy for loading and unloading lorries from the side, are also part of the equipment.

The Mannheim 1 logistics centre is strategically located in the Rhine-Neckar metropolitan region. It is located in the Friedrichsfeld industrial and commercial area, around 15 minutes' drive from Mannheim city centre. Its proximity to the A656, A6 and A5 motorways ensures first-class transport connections in the heart of one of Germany's most efficient economic regions.

"Our unique concept of redeveloping existing properties, combined with our modern construction solutions, allows tenants to benefit from measures to reduce CO2, recycle and cut costs. We are delighted that we have been able to let Mannheim 1 on a long-term lease before completion due to its strategic location and industry-leading sustainability features," says Michael Gerke, Head of Development Germany, GLP.

Caption: The GLP logistics centre Mannheim 1
Image rights: GLP PF Germany Management GmbH

About GLP

GLP is a leading global developer, owner and operator of logistics real estate, data centres and systems for renewable energy and related technologies. With many years of experience and extensive operational expertise, GLP establishes and develops thriving businesses and creates value for its clients. GLP owns assets and manages companies in 17 countries in Asia, Europe and North and South America. GLP Capital Partners, a global alternative investment manager with approximately USD 128 billion in assets under management as of 31 December 2023, is the exclusive investment and asset manager for GLP.

With its commitment to a broad range of ESG principles, GLP aims to enhance its business activities, protect the interests of its stakeholders, show appreciation to employees and customers and promote communities where GLP locations are located. Further information at glp.com/global.

As at 31 March 2024, GLP's European portfolio comprised more than 9.8 million square metres of logistics space. It covers selected strategic logistics markets and is let to blue-chip customers such as Amazon, DHL and GXO Logistics. The company has a prime portfolio of building plots in Europe, enabling the development of a further 1.7 million square metres. Further information on GLP's European business can be found at eu.glp.com/en/.

Press contact:
Peter Tasch
Tasch Communications
Phone: (069) 24 44 68 07
Email: peter@tasch-communications.de