Mountpark Invests €70M in a New Logistics Project in Illescas

The joint venture between USAA Realco and Mountpark is building an 86,200-square-metre warehouse on the Iberum Central Platform in Illescas (Toledo).

The logistics company Mountpark, controlled by the firms USAA Realco-Europe Holdco and Mountpark, has announced an investment of €70 million to launch a new logistics project called Mountpark Illescas I, located in the town of Illescas (Toledo). “Over the last 2 years we have been buying up land from various owners and now we have enough space to build an XXL warehouse,” explains John Derweduwe, Director of Mountpark for Spain and Portugal, speaking to Brainsre.news.

The project will comprise a warehouse spanning 86,200 square metres on the Iberum Central Platform distribution park, which is located in one of the main industrial corridors of the Spanish market, 35 kilometres from Madrid. The warehouse, which will have a free height of 12 metres and 143 loading docks, has been designed to obtain an “Excellent” BREEAM sustainability certificate. In this way, it will have a roof equipped with photovoltaic panels that, together with a battery system, will generate renewable energy for night shifts.

Four out of 10 Logistics Owners have Suspended Investment Operations

According to a survey about the effects of COVID-19, conducted by the consultancy CBRE, 62% of those consulted consider that the path towards some kind of normality will begin in the last quarter of the year.

According to a survey conducted by the consultancy CBRE with the main owners and property developers of the industrial sector about the effects of Covid-19, 62% of those consulted consider that the journey “towards some kind of normality in the sector” will begin in the last quarter of the year

Meanwhile, 23% predict that the industry will not resume its normal activity until 2021, and the remaining 15% consider that the recovery will begin in the third quarter of this year.

Spain will Defend the Creation of a European Fund to Refloat Tourism and Transport

The Government is going to take its proposal to the European Council to create a fund amounting to between €1 trillion and €1.5 trillion to boost the economic recovery after the pandemic.

The Government is going to take its proposal to the European Council to create a fund amounting to between €1 trillion and €1.5 trillion to boost the recovery after the coronavirus pandemic, focusing on infrastructure and tourism.

The fund would be used to finance reconstruction initiatives with a special focus on the sectors most affected by the cessation of activity and the lockdown measures, such as transport and tourism.

Mercadona Strengthens its Online Service in Madrid with a New Logistics Centre in Getafe

Mercadona has invested €12 million in a new warehouse, known internally as the Colmena (beehive). The property is located in Getafe and will cover the high demand for online purchases in the centre of Madrid as a result of coronavirus.

Mercadona has invested €12 million in a new warehouse, known internally as the Colmena (beehive). The property is located in Getafe and will cover the high demand for online purchases in the centre of Madrid as a result of coronavirus.

The company points out that “after reinforcing its online sales service in Valencia and Barcelona due to high demand in a context marked by the coronavirus crisis, Madrid is the next city to receive a boost”. The new warehouse employs 100 people and is located on the Los Gavilanes de Getafe industrial estate. It will serve the Retiro and Salamanca neighbourhoods and the Méndez Álvaro area.

Zalando Postpones the Construction of its First Logistics Warehouse in Spain due to Coronavirus

In February, the online retailer announced the launch of its first logistics centre in Spain, which was due to open in Madrid in 2021.

In February, Zalando announced that it was going to invest €20 million in the construction of its first logistics centre in Spain. To this end, the company, which was going to engage an external logistics provider to manage the asset, was looking at locations close to the A4 motorway in the Community of Madrid.

The goal was for the asset to be operational by 2021. Now, the German online retailer has announced that the project has not been cancelled but will be delayed, according to Cinco Días. The company has made a significant cut in its investments to alleviate the effects of the Covid-19 coronavirus on its business. That includes a reduction of €100 million in its planned investments for this year.

Elite Partners Raises €150M for its European Logistics Fund

The Singapore-based firm Elite Partners Capital has successfully completed its first round of fundraising to invest in the logistics sector in the European Union and the United Kingdom.

The Singapore-based alternative investment asset management company Elite Partners Capital has successfully completed the first round of fundraising for its Elite Logistics Fund.

The Elite Logistics Fund was officially launched in January 2020 and is mainly aimed at investment opportunities in the logistics sector in the European Union and in the United Kingdom. It seeks to take advantage of the opportunities offered by this market with the rise of e-commerce.

Bimbo Starts Operating out of its New Logistics Platform in Coslada

In October 2017, the group decided to transfer the registered address of its companies based in Cataluña to Coslada.

The real estate consultant Invertica Irels has advised a Spanish family office on the leasing of some new logistics facilities for the Bimbo Donuts food group at the Coslada Transport Centre (CTC), in Madrid.

The Bimbo Donuts group is now operating from its new logistics facilities at the Coslada Transport Centre (CTC), in Madrid. Its warehouse there spans more than 7,600 square metres and has 18 trailer loading docks, in addition to the loading and unloading areas for vans.

Logistics Leasing Fell by 38% in Q1, Whilst Investment Doubled

288,000 square metres of space was leased in the Spanish logistics sector during the 3 months to March 2020, down by 38% compared to the same period a year earlier.

288,000 square metres of space was leased in the Spanish logistics sector during the 3 months to March 2020, including in the markets of Valencia, Zaragoza and Sevilla, in addition to in the country’s two main logistics hubs: the central area and Cataluña. This figure represents a 38% decrease compared to the same period in 2019, according to data from CBRE.

The central area (Madrid and its surrounding regions, such as Guadalajara and Toledo) saw 129,000 square metres of space leased – accounting for almost 45% of the total -, of which 121,000 square metre was net, “a really positive figure”. All of the space leased in the region was located within the A-2, A-3 and A-4 axes. And the total represented an increase of 75% compared to the same period in 2019.

Cereit Sells Logistics and Commercial Assets in France, the Netherlands and Denmark to Blackstone

The portfolio includes five assets in France, two in Denmark and another five in the Netherlands, which together span 124,000 m2.

Cromwell European Real Estate Investment Trust (Cereit) has sold 12 logistics and commercial assets to various subsidiary funds of Blackstone for €65.7 million. The portfolio includes five assets in France, two in Denmark and another five in the Netherlands, which together span 124,000 m2. In parallel, it has acquired three properties in Germany, also in the logistics sector.

Wouter Zwetsloot, Director of Real Estate Europe at Cromwell, explained in a statement that “the transaction price, which amounts to €65.7 million, represents a premium of 4.1% over the valuation of the assets, and a premium of 15.2% over their respective total purchase prices, demonstrating our experience of positioning assets and finding buyers in this field. ”

Spearvest will Invest €100M in Logistics Platforms in Spain until 2021

The firm is studying the market in cities such as Madrid, Barcelona, Zaragoza, Sevilla and Valencia with a view to acquiring all types of logistics platforms.

The Swiss company Spearvest, which specialises in the logistics segment, has created a fund through which it plans to invest up to €100 million in Spain over the next eighteen months, according to EjePrime.

The firm is studying the market in the main cities across Spain, such as Madrid, Barcelona, Zaragoza, Sevilla and Valencia. It plans to buy logistics platforms of all types, from large warehouses to the last mile distribution centres. Nevertheless, it will focus on individual investment volumes that do not exceed €15 million euros since “there is less competition in this market”.