31 October 2017 – Observatorio Inmobiliario
Neinver has acquired 40,000 m2 of industrial land on the Carpetania Industrial Estate in Getafe (Madrid), where it plans to build an industrial warehouse with a GLA (Gross Leasable Area) of 24,000 m2. This project, which involves an investment of approximately €16 million, reflects the company’s commitment to logistics development; since its creation, the firm has now built more than 2 million m2 of logistics assets.
Currently, Neinver is one of the main property developers, managers and investors in the southern part of the Community of Madrid, with more than 70,000 m2 of GLA under management in the Getafe area.
According to Juan Carlos Ortega, Director of Industrial and Logistics at Neinver, “with this operation, Neinver is strengthening its position as a developer of logistics projects in the Spanish market. Besides managing a portfolio spanning half a million m2, the development of a new warehouse in a location as strategic as Carpetania, reflects the company’s commitment to this sector, so rooted in the origins of Neinver”.
This operation comes after Neinver acquired two other logistics assets in Barcelona and Pamplona, with a combined constructed surface area of 15,000 m2, in February of this year, through Colver, its joint venture with Colony Northstar.
In total, Neinver currently manages a portfolio of 500,000 m2 in terms of logistics and industrial surface area, corresponding to a gross asset value (GAV) of €300 million.
Original story: Observatorio Inmobiliario
Translation: Carmel Drake