GLP acquires 38,400 SQM asset in Venlo
Amsterdam, 19 April 2022 – GLP, one of the largest investors and developers of logistics warehouses and distribution parks in Europe, today announced that it has acquired a 38,408 SQM warehouse facility in Venlo, The Netherlands, from Next Level Real Estate. The asset, which is located at Trade Port South (Witveldweg) Venlo, is newly built and fully leased. The property will be delivered in Q2 2022.
Venlo is situated in a prime location in the Netherlands with excellent accessibility via rail, road and water. The site is connected via motorways A73 (Nijmegen – Maastricht) and A67 (Venlo – Eindhoven) which provide direct access to the German border to the east and the Belgium border to the west. Venlo also has an inland vessel container terminal which connects the park with Rotterdam, Amsterdam and Antwerp.
The asset will be leased on a long-term contract to a top-tier global third-party logistics company and has the option to be divided into two units, offering solutions for multi-tenant possibilities in the future. The building has been developed with top market specifications, is BREEAM Very Good rated and is prepared to accommodate solar panels.
Philippe Hendriks, Country Director Netherlands & Belgium at GLP, commented:
“This latest acquisition is the next significant step in GLP’s plan to further expand its presence in the Netherlands. We are excited to have acquired yet another high-quality asset in a prime location, already leased by a notable new customer and with significant potential for future activity. The Netherlands is known as the gateway to Europe, and Venlo is a highly strategic hotspot in the country, meaning that customers can benefit from connections to the major European economic centres.”
|Media Contact: Niels Broekhof
E-mail: niels.broekho[email protected]