Prologis Leases a 11,600 m2 Warehouse in Madrid

30 October 2018 – Eje Prime

Prologis is arriving in Coslada. The US logistics company has leased a warehouse measuring 11,600 m2 to the courier and express transport company Tourline Express in the municipality of Madrid.

The logistics centre is located fifteen kilometres from the centre of Madrid, at the start of the Corredor de Henares, the main logistics axis in the capital of Spain, and two kilometres from Barajas airport.

Similarly, the park has direct access to the A-2 motorway, as well as to the M-21 and M-45 motorways. For Gustavo Cardozo, Senior Vice-President of Prologis Iberia, “the great appeal of this location stems from its high-quality properties and strategic connections”.

Madrid is the jewel in the Spanish logistics crown. Although, other regions have grown considerably in recent years, and the spectrum of the sector is increasingly broad, the Madrid area – including the province of Guadalajara – is the most attractive for 63% of those surveyed at the most recent edition of the International Logistics Fair (SIL), which Prologis organises every year.

Prologis is a US logistics company, listed on the New York stock market, which has a presence on four continents in 19 countries. In Spain, it has 42 distribution centres, located in Madrid, Barcelona, Valencia and Tarragona, where it has more than 786,731 m2 of logistics space. As at 31 March, the company had undertaken investments in properties and projects under development spanning approximately 63 million m2.

Original story: Eje Prime

Translation: Carmel Drake

Segro Purchases 44,500 m2 of Land for Industrial Development in Madrid

11 October 2018 – Eje Prime

Segro is increasing its commitment to the Spanish logistics sector. The British Socimi, which specialises in the industrial segment, has purchased 44,500 m2 of land on which it is going to build two urban distribution centres in Madrid.

The first logistics space is going to be located in the south of the Spanish capital. The centre, spanning a surface area of 33,500 m2, will be located in the district of Villaverde, an area that is home to multinationals such as Telefónica, Repsol and Air Liquide.

The Socimi is also planning to build a second warehouse measuring 11,000 m2 in the Madrilenian municipality of Coslada, where it already owns a business park. The company has chosen that location due to its proximity to Barajas airport, the centre of the Spanish capital and motorways such as the A-2 and the M-40.

This operation reinforces the good times that the logistics sector is enjoying in Spain, driven by the rise in e-commerce in the country. Not in vain, in 2017, the sector achieved an investment record, exceeding €1.5 billion.

With demand constantly growing, above all due to the arrival of international funds and investment firms that are keen to enter the logistics segment, encouraged by the high yields and stability, operators are also looking for land in the last mile space to respond to current demands. That means the development of sites on the outskirts of large cities, with assets that are no more than 50km away from the city centre.

Original story: Eje Prime

Translation: Carmel Drake

Construction is Completed on the Largest Cross-Docking Platform in Spain

8 August 2018

Montepino Logistica invested 17 million euros in a 14,040-square-meter logistics centre in Coslada.

The company Montepino Logística has completed construction on its cross-docking platform in the municipality of Coslada, Madrid. It is the largest cross-docking centre built in the last decade in Spain and will house Nacex, a company specialised in the priority courier services. The logistics centre will allow 120 vehicles to load or unload merchandise and documentation simultaneously. The platform has 104 loading and unloading docks for vans and vehicles, and ten docks for large trailers.

The cross-docking platform was the target of a 17-million-euro investment, which has a constructed area of ​​14,040 m2 on a plot of land measuring 23,400 m2. The main area is more than 10,000 m2 warehouse where the classification and distribution of goods will be carried out.

Inside, a loft was erected to take full advantage of the facility that will be used by Nacex. The property also has a two-story office block where administrative tasks will be carried out. “It is an innovative space that will permit storage time to remain almost non-existent. It presupposes a before and an after as far as cross-docking is concerned,” Juan José Vera, vice president of Montepino Logística, explained.

The construction was directed and developed entirely by Montepino Logística S.L and executed by the construction company Mariano Lopez Navarro S.L within a nine-month period. The platform is expected to be fully operational by the end of 2018 after the facility has been retrofitted with the needed high-tech machinery.

Original Story:

Translation: Richard Turner

VGP Leases 16,000 m2 Warehouse in San Fernando de Henares to Rhenus

17 January 2018 – Cadena de Suministro

VGP has leased a warehouse measuring almost 16,000 m2 to Rhenus Logistics on its logistics park in the Madrilenian town of San Fernando de Henares, which is owned by the European real estate investment group VGP. The deal has been advised by the real estate consultancy JLL.

The operator will use the facility to provide services to various clients in the retail sector, as well as to other companies in the cold-food distribution segment, which means that VGP will have to adapt the original design of the warehouse to suit to the specific needs of both projects.

VGP’s logistics park is located in Corredor de Henares, a growing area that concentrates a large part of the logistics activity in the centre of the peninsula between Coslada and Guadalajara, and which forms part of the first logistics ring around the city of Madrid.

The park is located just five kilometres away from Barajas Airport, at the intersection between the A-2 motorway, which links Madrid with the city of Barcelona, and the M-50, one of the main ring-roads around Madrid and the outer ring of the capital’s metropolitan crown.

Original story: Cadena de Suministro

Translation: Carmel Drake

Segro Expands Its Logistics Park In Martorelles

27 April 2017 – Eje Prime

Segro is fuelling its business in Spain. The British investment fund, which specialises in the real estate-logistics sector, has expanded its logistics park in Martorelles, its first development in Spain, to 54,000 m2, according to a statement published by the company.

Segro’s tenant for the majority of the plant will be Amazon, which will occupy 34,000 m2, according to the group. Segro has announced the acquisition of a plot of three hectares, located in the same industrial area of Can Roca, in Martorelles. The company will allocate that land to the development of another 20,000 m2 for logistics warehouses.

The park is strategically located by the northern entrance to Barcelona, close to the A-7 motorway and just 15km away from the city centre. The project has been designed and constructed as a logistics facility, with loading capacity on both sides, and a high degree of flexibility in terms of its uses.

Since Segro began its activity in Spain in September 2015, it has acquired a logistics park measuring 16,000 m2 in Coslada (Madrid), in March 2016, another space spanning 50,000 m2 in Castellar del Vallès in September last year, and the new plot that it has recently acquired in Martorelles. In total, Segro’s portfolio contains 120,000 m2 of land (…) in Spain.

Original story: Eje Prime

Translation: Carmel Drake

Lidl Opens Its Largest European Logistics Centre In Madrid

26 September 2016 – Expansión

In Alcalá de Henares (Madrid) on Thursday, the German supermarket chain Lidl opened the first phase of what will be the group’s largest and most technologically advanced logistics platform in Europe. The project will be completed in 2018, when the centre will become fully operational.

With this infrastructure, the company is making a strong commitment to the Spanish market, where it has been operating since 1994. The firm’s total investment will exceed €70 million. Thus, the result will be a site with 61,000 sqm of storage space (45,000 sqm being opened now, plus 16,000 sqm to be added in the second phase), with an automated silo measuring more than 40m tall. This centre will be able to store 71,000 pallets. (…).

With the launch of this first phase of the logistics centre, Lidl has created 100 new jobs. That figure will increase to 275 by the time the platform becomes fully operational in 2018.

Fourth generation

Lidl also unveiled its new eco-sustainable store model in Coslada (Madrid) yesterday. It is the most sustainable supermarket in Spain. (…)

Original story: Expansión (by María Sánchez)

Translation: Carmel Drake