Frankfurt, 1st October 2024 – GLP, a leading global business builder, owner and operator of logistics real estate, digital infrastructure, renewable energy technologies and other corresponding technologies, today announces that it is embarking on a major new regeneration project in Germany following the purchase of a 128,000 SQM development site from Renault Deutschland AG as part of a sale and leaseback transaction.
Situated in Brühl, south of Cologne, the development benefits from excellent transportation connections including both the A1 and A4 motorways. The orbital motorway around the Cologne metropolitan area also offers a fast connection to major cities in North Rhine-Westphalia and to the wider country.
As part of the transaction, GLP will develop a new 27,300 SQM state-of-the-art, purpose-built, logistics facility on the site for Renault. The automotive manufacturer will continue to manage its spare parts logistics operation for Germany from its existing warehouse on the site while work commences on the new building. Alongside Renault’s new facility, GLP will develop further buildings for logistics and small-scale commercial operations at the site alongside the new BTS (built-to-suit) facility. These new buildings will provide around 40,000 SQM of modern usable space and will be made available to prospective customers following completion, expected in the first half of 2028.
Once completed, both complexes will target a ‘DGNB Gold’ standard and benefit from the latest sustainability features. The roofs will be equipped with solar PV systems, ensuring the availability of clean solar energy and will include modern heat pumps, rooftop greenery, charging stations for electric vehicles and energy-saving LED lighting.
Vincent Flottau, Senior Business Development Manager, GLP, said: “Our long-term relationship with Renault Deutschland AG, has presented us with the opportunity to both regenerate an old site and strengthen our German portfolio. Through the new development, an urban brownfield site will be regenerated into a modern logistics and commercial centre with a strong focus on sustainability. The development will enhance Renault’s logistics processes and strengthen Brühl’s credentials as a business location as we welcome future customers.”
Press contact:
Peter Tasch
Tasch Communications
Phone: +49 (0)69 24 44 68 07
E-mail: peter@tasch-communications.de
