Prologis Leases a 11,600 m2 Warehouse in Madrid

30 October 2018 – Eje Prime

Prologis is arriving in Coslada. The US logistics company has leased a warehouse measuring 11,600 m2 to the courier and express transport company Tourline Express in the municipality of Madrid.

The logistics centre is located fifteen kilometres from the centre of Madrid, at the start of the Corredor de Henares, the main logistics axis in the capital of Spain, and two kilometres from Barajas airport.

Similarly, the park has direct access to the A-2 motorway, as well as to the M-21 and M-45 motorways. For Gustavo Cardozo, Senior Vice-President of Prologis Iberia, “the great appeal of this location stems from its high-quality properties and strategic connections”.

Madrid is the jewel in the Spanish logistics crown. Although, other regions have grown considerably in recent years, and the spectrum of the sector is increasingly broad, the Madrid area – including the province of Guadalajara – is the most attractive for 63% of those surveyed at the most recent edition of the International Logistics Fair (SIL), which Prologis organises every year.

Prologis is a US logistics company, listed on the New York stock market, which has a presence on four continents in 19 countries. In Spain, it has 42 distribution centres, located in Madrid, Barcelona, Valencia and Tarragona, where it has more than 786,731 m2 of logistics space. As at 31 March, the company had undertaken investments in properties and projects under development spanning approximately 63 million m2.

Original story: Eje Prime

Translation: Carmel Drake

63