• Transaction / Assets
    57000m2 of logistics land
  • Seller
    Gilsa
  • Buyer
    Panattoni
  • € MM

Panattoni Buys 57,000 m2 of Land from Gilsa to Promote a Logistics Park in Vitoria

26 June 2020 – Brainsre.news

The logistics developer Panattoni has signed an agreement with Gasteizko Industria Lurra (Gilsa) for the purchase of two plots of land spanning 57,000 m2.

The logistics market is continuing to generate good news for the real estate market. Panattoni is planning to develop a logistics park comprising two state-of-the-art multi-client warehouses on these plots, which are located on the Jundiz industrial estate in Vitoria.

The two buildings, which span 19,000 m2 and 13,000 m2, respectively, will be designed as distribution and storage platforms, in what is expected to be a benchmark logistics park for distribution throughout the Basque Country, as well as neighbouring regions and Southern France. The operation has been advised by the consultancy Busenver and the commercialisation of the park has been entrusted to CBRE and Ucieza Servicios Inmobiliarios.

Read the full article in Spanish.

Original Story: Brainsre.news

Translation/Summary: Carmel Drake

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