• Transaction / Assets
    36,000 m2 of Logistics Land
  • Seller
  • Buyer
    Grupo Lar
  • € MM

Grupo Lar Purchases 36,000 m2 of Logistics Land in Valencia

17 December 2018 – Eje Prime

Grupo Lar is starting to expand in the Spanish logistics sector. The company has completed the purchase of 36,000 m2 of logistics land in the municipality of Quart de Poblet, in Valencia with the aim of constructing two warehouses and an additional block of offices.

The two logistics centres will have surface areas of 5,000 m2 and 17,000 m2, respectively. Meanwhile, the office building will span approximately 1,300 m2. The building work is expected to start during the second quarter of 2019 and finish during the first quarter of 2020.

The land is located close to the Riba-roja logistics hub, 15km from Valencia and 10km from the Manises airport. Moreover, its proximity to the city’s main arteries gives it a privileged position when it comes to moving goods.

Currently, Grupo Lar is working on an expansion plan for its logistics platform with Madrid, Barcelona, Valencia, Málaga, Sevilla and País Vasco all in the spotlight. The company plans to invest €250 million between now and 2021 in the acquisition of 500,000 m2 of industrial land.

Original story: Eje Prime 

Translation: Carmel Drake

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