GLP has been operating in Central Eastern Europe for nearly three years. In that time, it has doubled its portfolio in the region, with a total of nearly 2.5M SQM of building assets currently under management in Poland, the Czech Republic, Slovakia and Hungary. The company is planning new ventures that will reinforce its position among the region’s leading logistics real estate investors, developers and managers.
There are already 64 buildings across GLP’s real estate portfolio in CEE. They are occupied by some of the leading e-commerce companies across industries such as consumer goods, third-party logistics and automotives, who require facilities that meet the highest functional, technical and sustainability standards. Importantly, a core value-add delivered to tenants and customers is the close proximity of our assets to CEE capitals, major metropolitan areas and industrial centres within the region.
All new GLP logistics centres have a storage height of 12 M and are fitted with numerous utility-saving solutions, including smart metering systems and solar-ready rooftops.
GLP also digitises the process of designing, constructing, and managing logistics buildings. By creating a digital replica, the whole building life cycle is optimised efficiently in terms of time, cost, and comfort of use. A digital building model facilitates quick access to the entire building documentation, which helps identify and fix possible defects, improve guarantee management, and minimise utility consumption.
GLP’s CEE portfolio is almost 100% leased. The company actively monitors and implements development opportunities associated with stable demand for quality logistics space, with its plans including the expansion of existing parks as well as high quality new developments near Budapest, Bratislava, Wrocław and Katowice.
Błażej Ciesielczak, Regional Director CEE at GLP, remarked: “We’re seeing sustained interest across all of our buildings, which translates into partnerships with approximately 125 customers in the region, including the key players in the growing e-commerce segment. The demand for advanced spaces that support modern logistics and light manufacturing remains stable, driven by changing supply chains as a result of the pandemic and the war in Ukraine. While the countries we operate in differ in terms of challenges including the size and absorption capacity of individual markets and the availability of investment land, they support ample opportunities for GLP to grow.”
In Poland, the Czech Republic, Slovakia and Hungary, GLP has the potential to develop another 1 million SQM of space in buildings with exceptional energy efficiency performance and solutions recognised with international sustainability certificates. Upcoming projects include:
- Sziget Logistics Centre II – 110,000 SQM of high quality, energy efficient logistics space in the suburbs of Budapest, right next a retail park and our Sziget I project, which was fully leased way before completion.
- Bratislava Business Zone – over 130,000 SQM by Bratislava Airport. This cutting-edge project will boost the placemaking concept, combining technologically advanced warehouses with e-commerce showrooms, retail and green space which is open to the public, and taking traditional logistics projects to the next level.
- GLP Wrocław V – the expansion of one of the biggest logistics project in Wrocław (300,000 SQM). All 3 existing buildings are fully leased to leading e-commerce players and the following 4 are already gaining interest from the market. Located between an express- and motorway, Wrocław V is to become the e-commerce logistics hub of South-Western Poland.
- GLP Lędziny II – after the commercial success of GLP Lędziny Park and great cooperation with local authorities, GLP is expanding its business in the industrial heart of Poland with another 200,000 SQM. The project includes a public green space, safely separating us from the residential neighbourhood, as well as new road infrastructure for both our customers and local residents.
Marek Jandous, Investment and Asset Management Director, CEE at GLP commented: “One of GLP’s main differentiators is our long-term perspective on the properties we develop. The buildings remain in our portfolio for longer and are managed personally by our specialists. This approach helps forge a strong relationship with our customers and give special attention to the quality of the buildings at both the development and the daily operation stage. GLP also offers many business lines complementary to our real estate operation, such as robotics or renewable energy sources, which will only become more common in our buildings.”