27 November 2018 – Eje Prime
Montepino is on a roll in Spain. The property developer, which specialises in turnkey solutions, has acquired a plot measuring 22,914 m2 on the Can Serra industrial estate in the town of Sant Esteve de Sesrovires, in a deal that represents its first operation in Cataluña.
With the purchase of this plot, for which Montepino has been advised by Cushman&Wakefield, the group will have the capacity to develop a warehouse for logistics or automotive use spanning more than 13,000 m2.
The land is located in a strategic enclave, close to Barcelona and with direct access to the AP-7 and A-2 motorways, which link the French border with Levante and Barcelona with the centre of the Peninsula.
“It is our first investment in Cataluña, where we expect to be able to expand our portfolio of properties with more projects of this kind to create one-off spaces that are fully adapted to the needs of our clients”, said Juan José Vera, Vice-President of Montepino Logística, in a statement.
Currently, the company is developing five projects in Madrid and Castilla-La Mancha, which span a combined surface area in terms of logistics space of more than 300,000 m2 and with an asset valuation that exceeds €300 million.
Original story: Eje Prime
Translation: Carmel Drake