157
157
  • Transaction / Assets
    plot of land in Cabanillas logistics park
  • Seller
    na
  • Buyer
    Merlin Properties
  • € MM

Merlin Acquires Land to Expand Cabanillas Logistics Park

5 August 2019

Merlin Properties announced, during a presentation of its results for the first semester of 2019, that it had acquired 92,994 m2 of land to expand its Merlin Cabanillas logistics park in Guadalajara. Merlin will build four new logistics modules next to its existing platform where clients such as Inditex, XPO Logistics, Logista and Luís Simões operate. The original platform, which was inaugurated in May of 2017 will grow to a total area of 302,000 m2, after 56-million-euro investment.

The company stated that this expansion will be carried out in two phases, starting in 2020 and 2021.

Original Story: Guadalajara Diário

Adaptation/Translation: Richard D. K. Turner