GLP starts the year with new milestones for G-Park Sagunto
GLP, a leading investor and developer of logistics warehouses and distribution parks, has announced significant activity at G-Park Sagunto, including a 50,000 SQM lease and the development of an additional 35,000 SQM. The park is GLP’s first logistics investment in Comunidad Valenciana and is an emblematic speculative development project capable of accommodating a gross lettable area of over 85,000 SQM.
GLP has reached an agreement with a consolidated industrial company for the construction and lease of a 50,401 SQM turnkey building, built on a 79,040 SQM site. The project has been selected for its state-of-the-art design and strategic location and will be used for the production, storage and distribution of products. This milestone marks the leasing of more than half of the park’s available space. It is expected to be operative by Q4 2022.
The park’s remaining space will be developed as a blank project on the adjoining site, with a built area of 35,578 SQM, divisible into modules of 9,000 SQM, and a flexible design adapted to the client’s needs. This logistics center is designed for companies that require high-quality space in the northern area of Valencia and are looking for excellent connections to the Mediterranean corridor by motorway, as well as to the ADIF rail system and the ports of Valencia and Sagunto. Construction will start in July 2022 and GLP expects to complete the building in January 2023.
G-Park Sagunto offers an optimized design, including the latest advances in construction and quality standards above the market average. It incorporates an optimized structure for corridors, high-strength and excellent planimetric floors and a triple rainwater drainage system. The offices inside have plenty of natural light. Both buildings will incorporate BREEAM Very Good sustainability certifications, as well as measures to facilitate the wellbeing of workers – a key priority for GLP. G-Park Sagunto’s surroundings are excellently consolidated and have extensive services and availability of labour.
Oscar Heras, Country Director of GLP Spain, explains: „We are proud to welcome a new client to G-Park Sagunto. The park’s strategic location in the Mediterranean corridor is ideal for many logistics operators, and we continue to work to develop high-quality space in the area. Given the high demand for quality buildings, we will launch the construction of the rest of the park this quarter to add more available space by the end of the year”.
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