Mercadona Leases New 23,000 m2 Logistics Centre From Prologis

7 June 2017 – Expansión

The supermarket chain Mercadona has just strengthened its logistics network by leasing a new warehouse from Prologis. The warehouse, measuring 23,000 m2, is located in Ribaroja de Túria (Valencia), the town where the supermarket chain already has one of its major logistics centres. The distribution group has occupied the site since the middle of May. Sources at the chain explain that this warehouse will serve to support the major block that it already has in Ribaroja, which has seen its needs increase.

The warehouse is located on one of the two plots of land that Prologis acquired a year ago from the Generalitat Valenciana in the Valencia Logistics Park.

The rental price is estimated to range between €4/m2 and €5/m2. After finalising construction work in April, the logistics group reported that it was going to be the first building that it has inaugurated in Spain since 2009 and that it represented a symbol of the reactivation of its property development activity. Prologis’ plans include beginning construction on a second twin centre on the adjoining plot. The logistics company has invested €13 million in these facilities.

Original story: Expansión (by A.Z., J.B. and A.C.A.)

Translation: Carmel Drake