The LPG manager expands its logistics portfolio in Europe in 10 countries

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The LPG manager expands its logistics portfolio in Europe in 10 countries





© GLP
LPG


The Global giant in LPG logistics management and business Expands its portfolio of assets in the sector with the purchase of 2.4 million square meters of real estate from the Goodman Group, with a presence in Central and Eastern European countries. In this way, the Asian company expands its presence in 10 countries of the Old Continent.

The Asian investment manager GLP, specializing in logistics, real estate, infrastructure, finance and related technologies, has just signed an agreement for the acquisition of real estate in Central and Eastern Europe from the Australian group Goodman. The new ‘portfolio’ acquired reaches 2.4 million square meters, although the amount of the operation is not known.

The acquired properties are concentrated on key logistics routes throughout the region, with access to growing markets for e-commerce and distribution such as Poland, the Czech Republic, Slovakia and Hungary.

GLP thus expands its portfolio of logistics warehouses and distribution parks in Europe, where it already has activity in the United Kingdom, Germany, France, Spain, Italy, Poland and the Netherlands after absorb with logistics developer Gazeley in 2017.

“This operation is a very exciting part of our European growth strategy. The portfolios scale and geographic presence complement each other perfectly with our existing activities and offer us exciting growth opportunities in several major European markets. We are sure that the incorporation of this platform will help us provide greater value to investors and clients, ”he stated. Nick Cook, CEO of Gazeley.

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