GLP, investor and developer of logistics real estate and distribution parks, has found two new tenants for 18,000 sqm of logistics space in Magna Park Berlin-Werder (Havel).
GLP has now been able to rent the unoccupied areas of the logistics property in Magna Park Berlin-Werder (Havel) to two companies. In the future, Unit 3 will be used by Unit 4’s long-term tenant, LGI Logistics Group International GmbH. Unit 6.1 is leased to Movus Logistics Germany GmbH.
“Magna Park Berlin-Werder (Havel) is developing into a top-class hub for logistics real estate and an industrial cluster in the region. With the move into Unit 3 by LGI, a contract logistics company, the excellently located location gains further logistics competence in the automotive and industrial sectors,” says Patrick Frank, Country Director Germany, GLP. “Unit 6 is fully let with our new customer Movus,” explains Frank. The project, which was developed speculatively, once again showed the high level of trust that international investors have in GLP’s ability to develop attractive locations in the best locations despite the acute shortage of space,” Frank continued.
Strategic location of the logistics real estate
Unit 3 offers a height of ten meters, around 7,000 square meters of hall space and 200 square meters of office space. LGI will expand its activities in the automotive/industrial sector at the location in the short term. LGI is also planning significant growth in the Magna Park Berlin-Werder in the near future due to the excellent infrastructure and space available. “The Werder site near Berlin is a strategic location for our expansion into existing business areas in the automotive and industrial sectors,” explains Andreas Lorenz, Head of Division Automotive and Industrial, LGI Logistics Group International GmbH. In the future, LGI will be the tenant of both halls, Unit 3 and Unit 4.
Two logistics areas from a single source
Unit 6 in Magna Park Berlin-Werder (Havel) comprises two hall sections of roughly the same size with a total of around 18,650 m2 of hall space and 2,400 m2 of mezzanine space as well as 1,655 m2 of office and social space. Unit 6.1 will be Movus’ new central warehouse for the Berlin region.
“Despite the acute shortage of space, GLP offered us exactly the solution we need for our distribution and warehouse logistics, conveniently located, modern and sustainable,” explains Ihsan Küllük, Expansion Project Lead, DE&NL, Movus Logistics Germany GmbH. Movus is a joint venture between Dincer Logistics and Getir. GLP was advised on real estate law by DLA Piper on the letting of Unit 3 in Magna Park Berlin-Werder (Havel), and by Noerr on Unit 6. Colliers brokered the rental agreement with Movus in Berlin-Werder.
Logistics real estate: Expandable location
In the Magna Park Berlin-Werder, the development of an additional 140,000 square meters of modern logistics space is planned in several future development phases for other GLP customers. Magna Park is located south-west of Berlin directly on the A10 motorway, the Berliner Ring. This means there is a direct connection to the A9 (Berlin-Leipzig) and A24 (Berlin-Hamburg) autobahns. The driving time to the A2 motorway (Berlin-Hanover) is only seven minutes. The property is 14 kilometers (km) from Potsdam and 30 km from Berlin. The distance to Leipzig is 157 km, to Hanover 236 km and to Hamburg 280 km.
New parking deck in Magna Park Berlin-Werder
A four-storey parking deck has now been completed in the Magna Park Berlin-Werder, which will be rented out to the existing customer Amazon on a long-term basis. The parking deck offers more than 700 parking spaces for vans on four floors. It is located right next to the existing distribution center at this location, which was purchased from Amazon in 2019.
“The expansion in the Magna Park Berlin-Werder (Havel) is a further step in the dynamic development of this location. Its rapid growth shows that the combination of an excellent strategic location and first-class building equipment and functionality offered at our locations, together with the sustainable construction, exactly meets the wishes of our customers,” explains Patrick Frank, Country Director Germany, GLP.
The logistics real estate and distribution real estate of GLP meet the highest standards for environmentally friendly construction solutions. All of the company’s new developments on the German market are always implemented in accordance with the strict environmental protection criteria of the German Sustainable Building Council (DGNB) and are at least certified to DGNB Gold. The sustainable construction allows tenants to reduce their energy consumption, their CO2 emissions and their water consumption and thereby lower their operational costs.
GLP is a global investment manager and developer specializing in logistics, data infrastructure, renewable energy and related technologies. The portfolio of GLP in Europe comprises more than 5.2 million square meters of logistics space. It covers selected strategic logistics markets and is leased to blue-chip customers such as Amazon, UPS and Volkswagen. The Company has a prime portfolio of building land in Europe, allowing for an additional 3.2 million square meters to be developed. (sg)
Also read: Logistics real estate: 3 steps to net zero building