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Segro Acquires Coslada II Logistics Centre From Royal Premier

27 April 2016 – Press Release

The British company Segro has acquired the Coslada II Logistics Centre, located on Avenida de la Cañada in Coslada, from Royal Premier in an operation advised on the buy-side by Proequity and on the sell-side by CBRE.

Through this acquisition, Segro becomes the owner of one of the most emblematic industrial parks in the Corredor de Henares: the industrial, business and residential hub located between Madrid and Guadalajara. The asset, one of the most flexible parks in the prime market in Madrid, has a constructed surface area of 16,202 m2, divided into four platforms measuring approximately 4,000 m2 each. Currently, the property is leased to several tenants occupying modules with a minimum surface area of around 1,000 m2 each.

Marco Simonetti, Business Director at Segro for Southern Europe said that: “This is a major operation for Segro, in line with our strategy for expansion in Southern Europe. We believe in the potential and growth of Spain, and so we have acquired this industrial park, which has an ideal location, in one of Madrid’s most important hubs”.

Segro will carry out an improvement plan at the park this year to upgrade the existing facilities and offer better services to the property’s current and future tenants.

Original story: Press Release

Translation: Carmel Drake

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