GLP acquires 41,000m2 logistics asset from AG Real Estate

Logistics specialist GLP has announced the acquisition of a logistics building in Ploisy's new Plateau district, in France, in an off-market deal with AG Real Estate France. Financial details were not disclosed.

Built by Quartus and delivered in 2020, the turnkey building will be fully leased to logistics provider Houtch, which is already GLP's tenant at the neighbouring facility.

This acquisition further strengthens GLP's presence in the area, which now boasts two logistics facilities totalling almost 78,000 m2.

GLP’s portfolio in France now encompasses more than 1.6 million m2.

Philippe Graziani, managing director, GLP France, commented: 'We are proud to have been able to finalise this acquisition which strengthens our portfolio and demonstrates once again our ability to position ourselves in high-quality off-market deals. The quality of the asset, its strategic
location and the opportunity to consolidate our presence in the ZAC du Plateau were decisive factors in our investment decision.'


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