Segro Buys Factory in Mollet del Vallès to Convert into Logistics Hub

5 February 2018 – Press Release

Segro, the British investment fund specialising in the real estate-logistics sector, has acquired a 7-hectare plot in Mollet del Vallès (Barcelona). The site has a privileged location with immediate access to the A-7 (France-Madrid) and the C17, which leads directly to Barcelona, 21km away.

The property is going to be remodelled to provide space (40,000 m2) for urban storage and logistics, and is suitable for a single occupant but could be subdivided into units measuring 6,000 m2 – 7,000 m2. The construction work will begin during the course of 2019.

This acquisition comes soon after Segro’s recent acquisitions in Getafe (Madrid) and Sant Esteve Sesrovires (Barcelona) and further strengthens the firm’s growing presence in Spain, where it now owns nine assets in Madrid and Barcelona.

David Alcázar, Director of Segro Spain adds: “Our priority in Spain, like in other places, is to build modern, high-quality assets, not focusing exclusively on quantity. For that reason, we only choose strategic locations in the most dynamic regions of Spain. Our objective is to create and build innovative, high-quality warehouses for our clients, constructing environmentally responsible Class A buildings for urban distribution and logistics”.

Segro has also been holding conversations with the Town Hall of Mollet del Vallès and the municipal government has expressed its willingness to collaborate in new business ventures such as this one involving Segro, which as the mayor of Mollet, Josep Monràs, confirms “may generate work and offer opportunities to the citizens of Mollet del Vallès”.

Segro focuses on the investment and development of buildings with a long-term perspective, helping to attract business and activity in strategic areas, through its clients that are installed on its sites. It also specialises in the reconversion of industrial opportunities, thanks to its extensive experience in Europe.

About Segro

Segro is a listed British real estate investment company (Socimi) and a market leader in Europe in the management, promotion and construction of logistics and industrial assets. Segro owns and manages a portfolio of properties spanning 6.3 million m2, with a market value of GBP 8.0 billion, offering services to various clients in the logistics and industrial sector. Its parks are located in the main distribution and transport hubs of the countries in which it has a presence. It owns some of the leading logistics parks and transport centres in Europe (…).

Original story: Press Release

Translation: Carmel Drake

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