GLP signs lease agreement with F&P Stock Solution in Werder near Berlin

Frankfurt, 23 July 2024 - GLP, a leading global developer, owner and operator of logistics real estate, digital infrastructure and systems for renewable energy and related technologies, has leased the modern logistics property Unit 3 in Magna Park Berlin-Werder (Havel) near Berlin to the international fashion wholesaler F&P Stock Solution.

The building offers around 7,000 square metres (m2) of warehouse space and 200 m2 of office space. The high-quality logistics hub is located in the centre of the Berlin-Brandenburg metropolitan region, one of the most economically powerful regions in Europe. Unit 3 became available after the building's previous tenant, LGI Logistics Group International, decided to relocate to Unit 7C. This is nearing completion and is also located in Magna Park.

Unit 3 will support F&P Stock Solution's expansion plans, as the building offers the additional logistics space required and first-class transport links. The favourable layout of the logistics area will allow the company to pack its goods and other processes particularly efficiently.

Magna Park Berlin-Werder (Havel) is located south-west of Berlin directly on the A10 motorway, the Berliner Ring, and close to the A9 (Berlin-Leipzig) and A24 (Berlin-Hamburg) motorways. The A2 motorway (Berlin-Hanover) can be reached in around 7 minutes by car. The advantages of the location also include its proximity to the transport infrastructure available in the surrounding area of Berlin.

"At strategic locations such as the Magna Park Berlin-Werder (Havel), our customers ensure fast access to the excellent transport network and transport infrastructure in the region. This includes the freight village GVZ Berlin West, Wustermark, which is only 25 kilometres away. It is equipped with a road/rail transhipment terminal and its own inland harbour with connections to the German overseas ports. the GVZ Berlin Süd, Großbeeren, is also 50 kilometres away. Due to the excellent location and transport connections, F&P Stock Solution will be able to strengthen its business activities.

We look forward to welcoming new customers to the currently available Units 4, 6A and 6B," explains George Fairbairn, Senior Asset Manager, GLP.

"As a global B2B fashion wholesaler, we ship our goods all over the world. To remain competitive in the fast-moving fashion market, we need to be able to deliver quickly and reliably. That's why we are absolutely delighted that GLP was able to offer us exactly the location we were looking for - functional, at the pulse of the fashion scene and with first-class transport links," says Stephan Ebert, Managing Director, F&P Stock Solution GmbH.

NIG Norddeutsche Immobilien Gesellschaft mbH brokered the lease agreement with F&P Stock Solution and advised GLP on property law.

Caption: Unit 3 at Magna Park Berlin-Werder (Havel)
Image rights: GLP PF Germany Management GmbH

About GLP

GLP is a leading global developer, owner and operator of logistics real estate, digital infrastructure and systems for renewable energy and related technologies. With many years of experience and extensive operational expertise, GLP establishes and develops thriving 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 128 billion in assets under management as of 31 December 2023, is the exclusive investment and asset manager for GLP.

With its commitment to a broad 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 where GLP locations are located. Further information at glp.com/global.

As at 31 March 2024, GLP's European portfolio comprised more than 9.8 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 1.7 million square metres. Further information on GLP's European business can be found at eu.glp.com/en/.

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