Frankfurt, 1 December 2022 – GLP today announces that it has acquired a site in a first-class location in Simmern in the German state of Rhineland-Palatinate, via an off-market transaction. This is part of a long-term repositioning of the site.

GLP plans to reconfigure the site by joining the newly acquired land with the neighbouring site, also owned by GLP. This will create a 117,000 SQM site for the construction of a Grade-A facility, “Simmern III”, with 75,500 SQM of sustainable, modern logistics space available, adding around 25,000 SQM to the existing development “Simmern II”.

The new facility, like all of GLP’s new developments in the German market, will be built in compliance with the strict sustainability standards of the German Sustainable Building Council (DGNB) and will be at least DGNB Gold-certified. The building will use a heat pump and a photovoltaic system, meaning that it will be completely off-grid and avoid the need for fossil fuels. The distinctive sustainability features allow customers to reduce energy consumption, carbon emissions and water usage, and thus operating costs.

The site offers excellent travel connections to the Rhine-Main, Rhine-Ruhr and Rhine-Neckar regions and to France, Belgium and Luxembourg, with strong road, rail and air links. This prime location in the heart of Europe is already home to a number of top-tier logistics companies, given the access it provides to a large pool of consumers (2 million can be reached within one hour).

Patrick Frank, Country Director Germany, GLP, commented: “A completely sustainable, off-grid building of this size is a rarity in Germany, and we’re proud to continue to uphold the highest standards of sustainable development. With its high-specification features and strategic location, we expect to see strong customer demand for the site. GLP’s current German portfolio is fully leased, but this acquisition is a prime example of us working to bring more supply to the market – a strategic priority for our business at the moment.”

The start of construction for “Simmern III” is planned for 2025 and is scheduled to take place in two stages. Unit 1, with 34,400 SQM, will be ready for occupancy in Q3 2026, followed by Unit 2, with 41,100 SQM, in Q2 2027.A GLP Building

A GLP Building