Frankfurt, 30th April 2024 – GLP, a leading global business builder, owner and operator of logistics real estate, data centres, renewable energy and related technologies, has today announced the signing of a new lease agreement with international transport and logistics service provider DSV for 47,500 SQM sustainable logistics warehousing in Neustadt bei Coburg in the Nuremberg metropolitan region of Germany. The centrally-located site will be added to DSV’s existing network for national distribution to one of its major drugstore customers. The building will be available from early May and is expected to be operational by July.

The new site in Neustadt bei Coburg is highly complementary to the existing logistics network that DSV operates on behalf of its retail customer, with 41 other local distribution centres within easy reach of this facility. The site benefits from excellent transport connection to the B4 highway, and is in close proximity to the A73 motorway.

The logistics centre offers 40,100 SQM of warehouse space, a mezzanine area of 6,300 SQM and around 1,100 SQM of office and communal areas across four warehouses, as well as parking spaces for 180 cars and 27 trucks.

Like all GLP’s new developments in Germany, the facility was built in compliance with the strict sustainability standards of the German Sustainable Building Council (DGNB) and in accordance with the DGNB Gold Standard.

By recycling construction materials from the previous building on the site and by selecting certified, recyclable new construction materials, GLP has made a significant contribution to the sustainability of the facility. A further benefit of recycling this material was to significantly reduce carbon emissions that would have resulted from both the manufacturing and transport of new materials.

This sustainable approach will allow DSV to reduce its energy consumption, carbon emissions and water usage, and thus operating costs. The building is heated by a sustainable heating system with energy-efficient air-to-air heat pumps. The building is equipped with energy-saving LED lighting and with 18 charging stations for electric vehicles. Plans also allow for the installation of a solar PV system on the roof. With the clean solar energy generated by the system, the tenant will be more insulated from energy price fluctuations.

Michael Gerke, Head of Development Germany, GLP, says: “By leasing the Coburg Logistics Centre before it is even completed, we have demonstrated once again that, despite the shortage of available land, we offer our clients strategic logistics facilities in central locations, and our sustainable approach is completely aligned to our clients’ needs. With our rapid development of this state-of-the-art facility and the short lead time to handover, we are contributing to the growth of our new client DSV and to sustainable distribution via its network.”

Rolf Wetzel, Senior Director, Retail Distribution & Services at DSV, explains: From this site, we can easily reach the 41 local distribution centres for delivery throughout Germany to our customer’s retail stores. We will be able to distribute higher volumes to the retail stores, and at the same time support economic growth in the region around Neustadt.” 

Picture caption: GLP’s Coburg Logistics Centre

Picture rights:  GLP PF Germany Management GmbH

About GLP

GLP is a leading global business builder, owner, developer and operator of logistics real estate, data centers, renewable energy and related technologies. GLP’s deep expertise and operational insights allow it to build and scale high-quality businesses and create value for its customers. GLP owns and operates assets and businesses in 17 countries across Asia, Europe and the Americas. GLP Capital Partners, a global alternative asset manager with approximately $128 billion in assets under management as of 31 December 2023, is the exclusive investment and asset manager of GLP.

We are committed to a broad range of environmental, social and governance (ESG) commitments that elevate our business, protect the interest of our stakeholders, support our employees and customers and enhance our local communities. Learn more at

As of 31 March 2024, our European operating portfolio consists of more than 9.8 million SQM across the strategic logistic markets, which is leased to blue chip customers such as Amazon, DHL and GXO Logistics. In addition, GLP Europe has a prime land bank which allows for the development of an additional 1.7 million SQ M. Learn more about GLP’s European operations at


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