GLP continues active quarter with the acquisition of a 44,000 SQ M logistics asset in Venlo, the Netherlands
4th January 2021
GLP, a leading investor and developer of logistics warehouses and distribution parks, today announces the acquisition of a 44,000 SQ M logistics asset in Venlo, the Netherlands.
The fully leased facility is situated in Trade Port Nord in Venlo, a key area for European logistics near the border between Germany and the Netherlands. Its strategic location makes it ideal for European distribution with three out of four of Europe’s largest ports: Rotterdam, Antwerp, and Amsterdam, within a two-hour drive, and 170 million people within a 500 KM radius.
The acquisition concludes an active period of investments in the Netherlands and Belgium for GLP and marks its fourth transaction of the quarter following acquisitions in Oss, Willebroek and the Port of Ghent.
Philippe Hendriks, GLP Netherlands, said: “This acquisition will be GLP’s fourth asset in the strategic market of Venlo. The area is considered one of the premier locations in the Netherlands due to its exceptional connectivity to major ports in the Rhine-Ruhr region, as well as direct routes to the rest of Europe. This gives customers unparalleled access to a consumer base of 170 million people located within a 500 KM radius and a readily available highly-skilled labour pool.”
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