First investment in Valencia
GLP has reached an agreement with Romar Global Care, a manufacturer of healthcare, hygiene, and drugstore products for customers such as the retail chain Lidl, for the construction and lease of a 50,400 sqm building in Spain. This development will mark GLP’s first logistics investment in the Valencia region.
Construction works have already begun on a plot named G-Park Sagunzo, which spans 80,000 sqm. For Romar Global Care, this marks a new stage of growth in Sagunto, as the new facility will allow it to double its production capacity.
The warehouse will be used for the production, storage, and distribution of its products. The new building, which occupies just over half of the entire park, is expected to be operational by Q4/2022. (sh)