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real-estate-news Market News: Spanish Real Estate Intelligence

Dadelos to Build a Logistics Platform in Sagunto with an Investment of €5M

16 January 2019 - Eje Prime

Dadelos is launching itself into the logistics sector in Valencia. The Valencian family group is going to build a logistics platform in Sagunto with an investment of €5 million.

The plot, which has a buildability of 13,200 m2, is located on the large format Camí la Mar I industrial and logistics park, very close to the Port of Sagunto and Parc Sagunt, an area where companies such as Inditex and Mercadona are already present.

Dadelos is going to carry out the construction of the project without having closed the future final user of the property in advance, as reported by the company in a statement. Similarly, the group stated that this operation forms part of its current expansion and diversification policy.

The new property, which will be twelve metres tall, will also have an area for office use. To carry out the transaction, Dadelos has been advised by Olivares Consultores, which confirmed that it is a strategic operation “at a time of strong growth and high demand for spaces by logistics companies in the area”.

Original story: Eje Prime

Translation: Carmel Drake

 
Habitat Debuts in A Coruña with a €19M Investment in a 96-Home Development

16 January 2019 - Eje Prime

Habitat has arrived in Galicia. The property developer is making its debut in the region with a development comprising 96 homes in A Coruña and an investment of €19 million, according to reports made by the company to EjePrime.

The company has acquired a plot of land with a buildable surface area of 10,500 m2, on which it is going to build a seventeen-storey tower. The marketing of the homes, located on Calle Aurelio Aguirre Galarraga, in the San Vicente de Elviña neighbourhood, will start during the first quarter of this year.

“With the start of this new project in A Coruña, Habitat has launched itself in Galicia, an area with a high degree of urban development and which has enormous potential for growth over the coming years”, as highlighted by José Carlos Saz, the CEO of the company.

This latest acquisition forms part of Habitat’s business strategy, which will involve an investment of €500 million by 2021. The company’s plans involve constructing new developments with the objective of delivering more than 2,000 homes per year from 2021.

Original story: Eje Prime 

Translation: Carmel Drake

 
Goodman to Develop 285,000 m2 of Logistics Land in Spain

16 January 2019 - Eje Prime

Goodman is boosting its business in Spain. The inmo-logistics giant is entering 2019 with a portfolio for development that spans a surface area of more than 285,000 m2. The company is going to finalise two projects spanning more than 100,000 m2 this year, after increasing its portfolio by 30% in 2018, according to reports from the company.

In the last year, the occupancy rate of Goodman’s assets in Spain was 100%, reaching a total surface area of 106,000 m2. Its most recent completed projects include a turnkey in the Zona Franca of Barcelona and a last mile logistics platform in Madrid.

Both developments had e-commerce companies as the client. Not in vain. E-commerce “consolidated its position as the great ally of the industry by demanding large, high-quality logistics spaces in strategic locations, and with easy access to the major cities”, explained Ignacio García Cuenca, Director General of Goodman in Spain.

Currently, the company is developing four logistics platforms in Cataluña, one of the regions in which it is most active. Specifically, the company is going to build 111,000 m2 in Barcelona.

Moreover, Goodman is going to finalise several projects in 2019 including a 75,000 m2 logistics platform in Alcalá de Henares and a 33,000 m2 asset in León.

In Illescas (Toledo), the new logistics hub of central Spain for the development of large logistics warehouses, the Australian giant is going to start building a facility spanning more than 66,000 m2 this year.

Goodman Group is present in Continental Europe, the United Kingdom, the Asia-Pacific region, North America and Brazil, and has a portfolio of assets under management worth €24.3 billion.

Original story: Eje Prime 

Translation: Carmel Drake