GLP announced today that it has begun earthworks on its site in Colleferro. The site, located in the area of the Metropolitan City of Rome, allows the development of a Grade A warehouse facility with a total leasable area of around 24,000 SQM. Earthworks are progressing rapidly and construction is expected to be completed by Q2 2023.

The site has a prime location in the Rome market – one of the main logistics hubs in the country. The area benefits from excellent road links, with direct access to the A1 motorway, in addition to strong air connections, given its proximity to Italy’s busiest airport, Rome Fiumicino, and Ciampino airport. The plot is located in an existing industrial park where GLP already owns another site totaling 46,500 SQM.

As with all GLP’s developments, the units will be built to enhanced specification and will follow GLP’s rigorous ESG standards. The structure will be built according to the highest quality and the warehouse will be certified BREEAM Very Good. It will include a range of sustainability features, including rainwater harvesting, electric car charging stations and energy tracking and consumption tools for customers. There will also be an extensive green outdoor space for leisure, landscaping and nature, and a new forest of over 400 trees will be planted.

Alberto Carampin, Development & Construction Director for GLP Italy, said: “This will be the first of a series of new developments for GLP in Italy, spanning from Milan to Rome and including key logistics markets such as Bologna. Attention to details is key for us, for our customers and for our stakeholders; all the new developments will be driven by our high ESG standards to create futureproof warehouses.”

Marco Belli, Country Director of GLP Italy, commented: We are very proud to introduce our development capabilities to the Italian market, starting with this new development. It will bring excellent opportunities for our customers, providing a new, modern logistics asset with the highest ESG standards. The site will be available less than 8 months from the start of construction and is located in an area where demand for quality logistics spaces continues to grow and new buildings in well-connected areas can be difficult to find. For GLP, the Rome market is strategic and currently represents the 15% of our portfolio in Italy, with three assets in Colleferro, Santa Palomba and Anagni, and further acquisitions in the pipeline.”

GLP has entrusted DILS with the leasing mandate of the asset.