The new 130-hectare GLPEA logistics platform will create more than 1000 new jobs in the Alentejo municipality.
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The municipality of Grândola will receive one of the largest private logistics parks in Portugal, making it a hub key that will strengthen the supply chain Euro-Atlantic, which has just been recognized as a Project of Potential National Interest (PIN) status by the CPAI (Permanent Commission for Investor Support).
Qantara Capital, a private Swiss investment and consultancy company, is the entity responsible for the development of Grândola Logistics Park – Euro Atlantic (GLPEA), which promises to be a game-changer in the logistics industry at national and European level.
It is an investment of hundreds of millions of euros in an area of 130 hectares divided into megalots, with a total of 670,000 square meters of construction area for logistics, industry and services, 300,000 square meters for adjacent infrastructure and 330,000 square meters for green areas.
The GLPEA is connected to the IC1 highway, 8 km from the center of the municipality of Grândola and the A2 motorway, 100 km from Lisbon. The project also has a direct rail connection to the Southern International Corridor, which in turn connects the International Port of Sines to Spain.
With a private railway station, the GLPEA will function as an intermodal platform, a gateway to Europe and the Atlantic.
Due to its exceptional intermodality, scale and modularity, the GLPEA is the ideal platform for companies looking to optimize their production and logistics and simultaneously want to improve their environmental performance.
The GLPEA promotes the opportunity for its occupants to implement new certification parameters for green building and in guaranteeing the sustainability of its operations. This green policy will be strongly ensured by investing in solar energy and intelligent consumption of various resources.
“It is a huge honor for us and a true seal of quality to have been considered a PIN Project. We are going to build the largest private logistics platform in Portugal and one of the greenest in Europe”, stresses Hadrien Fraissinet, CEO of Qantara Capital
“Alongside the expansion in e-commerce and nearshoring, events since 2020 have highlighted the strategic importance of the Euro-Atlantic trade corridor, where Portugal is becoming a protagonist. The scale, location and intermodality of the GLPEA reflect this new reality. With GLPEA, we are in fact creating a new logistics hub in the Iberian Peninsula and we welcome the support of AICEP to do so”, concluded the official.
With the GLPEA, at least 1,000 new jobs will be created by the end of the project and Grândola City Council hopes to welcome the same number of residents directly associated with the project.
For António Figueira Mendes, Mayor of Grândola, “among the main objectives of the municipality is attracting investment with the aim of boosting socio-economic development and, consequently, increasing the quality of life of our population”.
“The construction of GLPEA is fully aligned with these priorities. More importantly, this project will provide for the diversification of tourism in a sustainable way,” said the mayor.
Nuno Torcato, director of the Industrial and Logistics area at CBRE Portugal and Miguel Alvim, director of the Real Estate Development area at CBRE Portugal, comment that “GLPEA was created to respond to a growing demand for large spaces, flexible and in line with the highest ESG standards”.
“Portugal is increasingly a destination for international players and the specific characteristics of this project as well as its extraordinary road and rail connections to the Port of Sines as well as Lisbon, Porto and Spain will help to consolidate Portugal as a preferred destination for industrial companies and players in the supply chain sector worldwide”.
The construction of GLPEA is expected to start in 2023, with the start of operations scheduled for 2024.
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