30 September 2019 – Mountpark is negotiating the acquisition of more than two million square meters of land in the south of Madrid. The developer intends to build a major logistics platform at the site, one with more than 40,000 square meters of surface area.
The company is planning on copying another platform it built recently at the Iberum Central Platform, in Illescas, Toledo. Mountpark built a 44,000-square-meter warehouse for XPO Logistics that H&M is using.
Mountpark Iberia is a part of a joint venture by Usaa Realco-Europe Holdco, the Dutch subsidiary of the US firm Usaa Real Estate, and the Luxembourg-based Mountpark Finco Sarl.
Original Story: Eje Prime – Marc Vidal Ordeig
Adaptation/Translation: Richard D. K. Turner