GLP, a leading investor and developer of logistics warehouses and distribution parks, today announces the completion and lease of a 12,200 SQ M extension to its warehouse in Amblainville to CMP Group.
The extension follows the acquisition of a 50,600 SQ M warehouse in July 2018, which was leased on a nine-year term to CMP Group, a major import-export and product development company specialising in home furnishings. The customer is expanding its leased area at Amblainville from 50,600 SQ M previously.
The warehouse is ideally located in the Oise area of Amblainville, 55 KM north-west of Paris on the A16 motorway, which connects Paris to the North of France.
Philippe Graziani, Senior Director Investment & Asset Management at GLP France, said: “This extension follows a succession of strategic transactions aimed at increasing our portfolio in France. With the same objective in mind, we expect to finalise further acquisitions in the coming months.”
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