GLP starts construction of its G-Park Pinto warehouse
GLP, a leading investor and developer of logistics warehouses and distribution parks, announces the start of construction of its new warehouse in the south of Madrid, G-Park Pinto, on a 42,200 SQM plot. This follows the announcement of the site’s speculative development last year, with GLP now having received the permit to begin construction work. The international consulting firm Savills Aguirre Newman has already begun exclusive marketing of the future warehouse.
The 19,000 SQM warehouse, with a clear height of 11.7 meters, is being built in a blank format, given the high demand from users seeking ready-to-occupy warehouses to start their operations. Its flexible design will allow optimized storage space and can adapt to different logistics operations. In line with GLP’s rigorous quality and sustainability standards, the new building will be BREEAM Very Good certified and will benefit from a range of ESG measures for customers.
The warehouse is located in the Sector 5 logistics area, in Pinto, about 20 minutes from Madrid, and benefits from a strong communications network. It has access to A-4 (Madrid-Córdoba) and A-42 (Madrid-Toledo) motorways, the M-50 and M-45 Madrid ring roads and direct access to R-4 (Madrid-Ocaña toll road).
Given the warehouse’s strategic location and highly flexible design, it will be well suited to any type of company, including parcel delivery, last mile distribution, e-commerce, cold storage and large-scale distribution. G-Park Pinto is expected to be ready for occupation in September 2022. International real estate advisor Savills has been instructed as exclusive leasing agent
Óscar Heras, Country Manager of GLP Spain, explains: “We are proud to announce the start of construction of G-Park Pinto, a warehouse that we know will be in high demand due to its ideal location and excellent construction characteristics. The market is looking for ready-to-occupy properties, as well as flexible formats which can adapt to a business as it evolves. We believe that G-Park Pinto has all the characteristics that companies are looking for in their distribution centers”.
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