Logistics park in Grândola thought of PIN Challenge

The municipality of Grândola will obtain one of many largest non-public logistics parks in Portugal, making it a hub key that can strengthen the provide chain Euro-Atlantic, which has simply been acknowledged as a Challenge of Potential Nationwide Curiosity (PIN) standing by the CPAI (Everlasting Fee for Investor Help).

Qantara Capital, a non-public Swiss funding and consultancy firm, is the entity accountable for the event of Grândola Logistics Park – Euro Atlantic (GLPEA), which guarantees to be a game-changer within the logistics business at nationwide and European degree.

It’s an funding of a whole bunch of thousands and thousands of euros in an space of ​​130 hectares divided into megalots, with a complete of 670,000 sq. meters of building space for logistics, business and providers, 300,000 sq. meters for adjoining infrastructure and 330,000 sq. meters for inexperienced areas.

The GLPEA is linked to the IC1 freeway, 8 km from the middle of the municipality of Grândola and the A2 motorway, 100 km from Lisbon. The venture additionally has a direct rail connection to the Southern Worldwide Hall, which in flip connects the Worldwide Port of Sines to Spain.

With a non-public railway station, the GLPEA will perform as an intermodal platform, a gateway to Europe and the Atlantic.

On account of its distinctive intermodality, scale and modularity, the GLPEA is the best platform for corporations trying to optimize their manufacturing and logistics and concurrently wish to enhance their environmental efficiency.

The GLPEA promotes the chance for its occupants to implement new certification parameters for inexperienced constructing and in guaranteeing the sustainability of its operations. This inexperienced coverage can be strongly ensured by investing in photo voltaic vitality and clever consumption of assorted assets.

1000 jobs

“It’s a big honor for us and a real seal of high quality to have been thought of a PIN Challenge. We’re going to construct the biggest non-public logistics platform in Portugal and one of many greenest in Europe”, stresses Hadrien Fraissinet, CEO of Qantara Capital

“Alongside the growth in e-commerce and nearshoring, occasions since 2020 have highlighted the strategic significance of the Euro-Atlantic commerce hall, the place Portugal is changing into a protagonist. The size, location and intermodality of the GLPEA replicate this new actuality. With GLPEA, we’re the truth is creating a brand new logistics hub within the Iberian Peninsula and we welcome the assist of AICEP to take action”, concluded the official.

With the GLPEA, no less than 1,000 new jobs can be created by the tip of the venture and Grândola Metropolis Council hopes to welcome the identical variety of residents immediately related to the venture.

For António Figueira Mendes, Mayor of Grândola, “among the many predominant goals of the municipality is attracting funding with the goal of boosting socio-economic growth and, consequently, growing the standard of lifetime of our inhabitants”.

“The development of GLPEA is absolutely aligned with these priorities. Extra importantly, this venture will present for the diversification of tourism in a sustainable approach,” mentioned the mayor.

Nuno Torcato, director of the Industrial and Logistics space at CBRE Portugal and Miguel Alvim, director of the Actual Property Growth space at CBRE Portugal, remark that “GLPEA was created to answer a rising demand for big areas, versatile and consistent with the very best ESG requirements”.

“Portugal is more and more a vacation spot for worldwide gamers and the precise traits of this venture in addition to its extraordinary street and rail connections to the Port of Sines in addition to Lisbon, Porto and Spain will assist to consolidate Portugal as a most popular vacation spot for industrial corporations and gamers within the provide chain sector worldwide”.

The development of GLPEA is predicted to start out in 2023, with the beginning of operations scheduled for 2024.