4 October 2017 – Eje Prime
Solvia is strengthening its position in the logistics sector. The real estate company and property developer, which is owned by Banco Sabadell, is going to construct two new logistics platforms in Cataluña. These properties, in which Solvia will invest €8 million, will house the headquarters of Nexans and Mediapost and will be located in Polinyà (Vallès Occidental).
Solvia will finance the turn-key operations and will ultimately own the two assets, which are going to be built on land already owned by the bank, according to Expansión. Nexans and Mediapost, specialising in cable solutions and promotional marketing, respectively, will sign long-term lease contracts with Solvia.
Whilst Nexans’ warehouse will have a surface area of 7,200 m2 and will be ready by the first quarter of 2018, Mediapost’s space will have a surface area of 13,900 m2 and will be handed over during the first quarter of 2019.
In addition to developing its logistics business, Solvia is also boosting its commercial footprint across Spain. Its strategic plan includes opening 180 franchised branches and 36 own offices all over the country between now and 2019.
In addition, as Eje Prime revealed, Solvia plans to open branches in prime locations. The company opened a flagship store in the Spanish capital, on Calle Alcalá (in the heart of the Salamanca neighbourhood) during the first half of this year and has just opened an iconic office in the heart of Barcelona, at number 16, Ronda Universidad, a stone’s throw from fashion operators such as Zara and Desigual, as well as Apple’s flagship store in the Catalan capital.
The most recent business line to be developed by Solvia is that of real estate brokerage, with companies and investors. The company is strengthening its advisory and brokerage divisions, whereby positioning itself to compete with the main consultancy firms that operate in Spain, such as CBRE, Aguirre Newman, Cushman&Wakefield and Knight Frank, for example.
Original story: Eje Prime
Translation: Carmel Drake