GLP leases 17,500 square metre logistics property in Mannheim to German commercial vehicle manufacturer

Frankfurt, 6 December 2023 - GLP, a leading global developer, owner and operator of logistics real estate, data centres and renewable energy systems, has leased its 17,500 square metre (m2) sustainable new logistics building 'Mannheim 1' to a German commercial vehicle manufacturer.

"The customer chose the 'Mannheim 1' location because this property is characterised by sustainable, cost-efficient performance features and is strategically located in the Rhine-Neckar metropolitan region. The first-class transport connections are complemented by a distinctive functionality  for exemplary climate protection. Thanks to state-of-the-art building solutions, the tenant can secure a clear competitive advantage by reducing CO2 and costs," explains Michael Gerke, Head of Development Germany, GLP.

Designed to reduce CO2 and costs

GLP offers the company exactly the logistics property it needs for picking, packing and dispatching its high-quality products. Decisive factors in the choice of 'Mannheim 1' were both the property's strategic location and transport links, as well as its sustainable construction, which enables the customer to save costs in building operation and reduce its CO2 emissions.

'Mannheim 1'  is a successful example of sustainable property development. GLP purchased an existing building with development potential and converted it into a state-of-the-art logistics centre without sealing any additional space. Like all of GLP's new developments on the German market, the logistics property is being built in accordance with the strict sustainability criteria of the DGNB German Sustainable Building Council and realised in accordance with the DGNB Gold Standard.

The logistics centre will be heated by a sustainable heating system with energy-efficient air-to-air heat pumps. As with all new developments by GLP on the German market, the roof of the building is pre-equipped for the installation of a PV (photovoltaic) system.

GLP installs charging stations for electric cars as standard in its new developments in Germany. But 'Mannheim 1' goes beyond this, as the charging infrastructure includes additional transformer capacity for charging electric lorries.

The building offers state-of-the-art equipment with 15 rear unloading doors and five ground-level doors, three of which have canopies for loading and unloading lorries from the side.

The 'Mannheim 1' logistics centre is scheduled for completion in April 2024. The lease was brokered by E & G Real Estate.

Strategic location

The Rhine-Neckar metropolitan region, one of Germany's most efficient business locations, is situated between the Rhine-Main and Stuttgart conurbations. The metropolitan area is crossed by busy European transport routes in a west-east and north-south direction and is a highly sought-after location for logistics and distribution. The A656 motorway is within sight of the site, and the A6 and A5 motorways are just a few minutes' drive away. Mannheim city centre is only a 15-minute drive away.

Another advantage is the connection to the European rail network and inland waterways. The economic metropolis of Mannheim offers an ICE train stop, and there are two major infrastructure facilities within a radius of just 30 and 20 minutes' drive of the 'Mannheim 1' site: the combined road/rail transhipment terminal in Ludwigshafen and the port of Mannheim.

Caption: The GLP logistics centre Mannheim 1 (centre)
Image rights: GLP Germany Management GmbH

About GLP

GLP is a leading global developer, owner and operator of logistics real estate, data centres and renewable energy systems. With many years of experience and extensive operational expertise, GLP establishes and develops prosperous businesses and creates value for its clients. GLP owns assets and manages companies in 17 countries in Asia, Europe and North and South America. GLP Capital Partners, a global alternative investment manager with approximately USD 124 billion in assets under management as of 30 June 2023, is the exclusive investment and asset manager for GLP.

With its commitment to a wide range of ESG principles, GLP aims to enhance its business activities, protect the interests of its stakeholders, show appreciation to employees and customers and promote communities in which GLP locations are located. Further

Information at www.glp.com/global

GLP's European portfolio comprises more than 9.5 million square metres of logistics space. It covers selected strategic logistics markets and is let to blue chip customers such as Amazon, DHL and GXO Logistics. The company has a prime portfolio of building plots in Europe, enabling the development of a further 3 million square metres. Further information on GLP's European business can be found at https://eu.glp.com/de/.

Press contact:
Peter Tasch
Tasch Communications
Phone: (069) 24 44 68 07
Email: peter@tasch-communications.de