12 April 2018 – Eje Prime
The logistics sector is going to be the star of the real estate market in 2018, according to international investors themselves, and the Lladrós don’t want to miss out. The Valencian family, which is linked to the porcelain sector, is going to create a new industrial estate in the Mediterranean capital, taking advantage of land that it owns on the site of its large factory. In total, the heirs of the entrepreneur Juan Lladró are going to put on the market 145,000 m2 of logistics space in the city, where the logistics market has grown considerably in recent times.
The block of land that the family is going to market is located between the towns of Valencia, Tavernes Blanques and Alboraia. One of the reasons for the development of this urban operation is that the current owner of the company, PHI Industrial, only uses one-third of the site for its porcelain factory, according to Valencia Plaza.
Located in an area known as ‘Porcelain City’, most of the land that is going to be freed up for the new use is currently in disuse, with the exception of a central section that is leased to PHI under a six month renewable contract, which means that it will not represent an obstacle for the Lladró’s project.
Now, the family is waiting for a study that has been commissioned to define the profile of the new industrial estate. Given that it is a tertiary industrial plot, it could be used for many different purposes from business to industrial, to logistics to commercial.
Original story: Eje Prime
Translation: Carmel Drake