Montepino Invests €6M+ in a New Logistics Centre in Madrid
10 September 2018 - Eje Prime
Montepino is continuing to invest in the logistics sector in Madrid. The property developer has just finalised the construction of a logistics and innovation centre on the Alcobendas industrial estate, in which it has invested €6 million.
The space measures 6,300 m2, comprising a warehouse spanning 5,000 m2 and an adjoining building for offices. The plot, which will house the distribution operations for CooperVision on the peninsula, has a parking area spanning 16,000 m2, with capacity for 128 vehicles.
Montepino has led the design of the plans and the execution of the construction work, entrusted to the construction company MLN S.A. and completed within a period of six months. The project has been designed so that, in the future, the space may be extended by an additional 2,000 m2.
Several companies from the pharmaceutical and healthcare sector also have operations on the Alcobendas industrial estate, where this new logistics complex is located. The area is considered a strategic location in which many companies centralise their distribution operations for the rest of the peninsula.
Montepino will include this new asset in the portfolio of the recently created joint venture between the property developer and the manager CBRE Global Investors. Montepino’s objective is to expand and double the current value of its partnership through the completion, during the course of 2018 and 2019, of the more than 300,000 m2 of space currently has under construction, as well as the acquisition of new opportunities.
Original story: Eje Prime
Translation: Carmel Drake