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Transaction / Assets 42,200 sqm plot of land in PintoSeller naBuyer Gazeley€ MM
Gazeley Acquires 42,200 sqm Site in Pinto (Madrid)
7 January 2020 – Gazeley.com
7 January 2020 – Gazeley.com
Gazeley, a leading investor and developer of logistics warehouses and distribution parks, today announces that it has acquired a 42,200 sqm site near Madrid, with plans to build a 19,000 sqm warehouse, G-Park Pinto.
The acquisition represents Gazeley’s fourth investment in Spain since re-opening its office in Madrid last year, and will target logistics, distribution and e-commerce companies in need of a last-mile logistics hub. Construction is expected to begin in 2020.
The warehouse will be built with a highly flexible design, allowing it to be adapted to the specific needs of a future customer. It will also have a BREEAM Very Good certification, reflecting Gazeley’s commitment to developing sustainable spaces across Europe, and smart LED lighting.
The area is a well-known logistics hub located around 20 minutes from Madrid. It has access to the A-4 (Madrid-Córdoba) and A-42 (Madrid-Toledo) highways, the M-50 and M-45 Madrid ring roads and has direct access to R-4 (Madrid-Ocaña Toll).
Savills Aguirre Newman is advising Gazeley on leasing.
Original story: Gazeley.com
Translation/Summary: Carmel Drake
Original Story: Gazeley.com
Translation/Summary: Carmel Drake