GLP expands portfolio in Warsaw after acquiring two warehouses

Developer and operator of logistics real estate, GLP, announced it has successfully acquired two logistics warehouses spanning a combined area of 37,600 sqm in Janki near Warsaw.

The acquisition includes two buildings currently leased to brands in the logistics and food import industries. The strategic location near the S7 and S8 expressway intersection helps meet the growing demand for big-box warehouses with easy access to the Warsaw market, as well as major conurbations in central and southern Poland.

The site known as GLP Warsaw VII provides modern, high-quality, solar-ready warehouses in a sought-after location. GLP will be working with the occupiers to enhance the sustainability credentials of the buildings further and to increase the BREEAM certification levels, delivering added benefits to the existing and future tenants.

The new acquisition builds on GLP’s existing footprint in Poland which currently totals more than 1.5 million sqm, with an additional identified pipeline of 283,000 sqm of space set to be developed in the future.

Marek Jandous, Director of Investments and Asset Management CEE at GLP Europe, said: “This acquisition reinforces GLP’s strong presence and investment expertise in key Central European markets. The addition of GLP Warsaw VII strengthens our portfolio near Warsaw that now includes six existing, fully leased logistics parks, as well as one project in an advanced stage of preparation.”

The transaction value remains undisclosed.