VGP Acquires Land for New Logistics Platform in Seville

18 September 2019 The Belgian developer VGP announced that it had acquired a 100,000-square meter plot of land in Seville, where it the company plans to invest a total of 35 million euros in the development of a logistics complex.

Construction is pending municipal licensing. VGP plans to start building during the latter half of 2020 with completion planned for the end of 2021.

The logistics platform will be located in the town of Dos Hermanas, a booming area to the southeast of Seville. The town is also the site of a planned new logistics platform for Amazon.

Original Story: Eje Prime – Marta Casado Pla

Adaptation/Translation: Richard D. K. Turner

Amazon to Open its Largest Logistics Warehouse in Dos Hermanas

1 March 2019 – ABC Sevilla

Amazon is going to open its largest distribution centre in Spain in the Megapark business park in Dos Hermanas (Sevilla) to become the park’s first tenant. The new mega-warehouse will have a constructed surface area of around 190,000 m2 on a plot spanning 165,000 m2 and is expected to be operational from 2021.

The e-commerce giant has been searching for a suitable facility for months and has opted for Megapark in the end due to its excellent road network and proximity to the Port of Sevilla, where it will open a new logistics station.

The plot of land and the future warehouse will both be owned by the investment fund Goodman Real Estate Spain, with which Amazon is expected to sign a lease contract within the coming days.

One of the benefits of the location in Sevilla is the availability of the port, which means that Amazon will be able to offer a more comprehensive delivery service to the Canary Islands by boat.

The business park is located opposite the La Isla industrial estate, between the A-4 motorway towards Cádiz and the future SE-40 ring-road.

Original story: ABC Sevilla (by Elena Martos)

Summary/Translation: Carmel Drake

Hacienda Rosario: Aedas Starts Work On 1,000+ New Homes In Sevilla

20 February 2017 – ABC

The property developer Aedas Homes – in which the US investment fund Castlelake owns a stake – has arrived with a bang in Sevilla’s real estate market. Firstly, the entity has just announced that it is going to resume the largest project in the Sevillan capital in the last decade. The firm plans to start work on the first phase of Hacienda Rosario this summer – the project comprises a residential complex with 1,046 homes, set in the grounds of a large private park measuring 33,000 m2, with social and sports facilities.

In parallel, two months ago, Aedas acquired a half-finished building on Avenida Ramón y Cajal, numbers 12 and 13, where it will construct another 56 homes. And in Dos Hermanas, the company has purchased a plot of land from Sareb in Arco Norte, where it is going to build another 139 homes. (…).

Work on the garden areas (at Hacienda Rosario) has already started. At the moment, the building permits are being processed so that construction work of a first phase of 72 homes (equivalent to half a block) can begin in the summer, which will be completed at the end of 2018. Depending on the rate of sales, new phases will then be started accordingly. Most of these apartments will have between three and four bedrooms and, during the first phase, prices will range between €115,000 and €130,000, including one garage and storeroom per property. “Aedas’ aim is to connect with the demand from middle class Sevillanos”, says David Martínez Montero, Director General at Aedas Homes. (…).

Although the project was started by Gabriel Rojas, the US fund Castlelake acquired the land one year ago and has redesigned the project to adapt it to the current demand profile. The entire development will require investment of around €100 million and “Aedas plans to appoint local construction companies” to build the properties. (…).

Meanwhile, Aedas Homes is also working on the Arco Norte residential project in Dos Hermanas, on Calle Gonzalo de Berceo. (…). The first phase will see the construction of 50 family homes (there will be 139 in the development in total). These will be three and four-bedroom homes, with surface areas of between 130 m2 and 150 m2.

Finally, Aedas Homes also acquired a building, whose structure had only been half completed, from Gabriel Rojas two months ago (on Avenida Ramón y Cajal, 12 and 13). (…). Some of the 56 homes there will have two bedrooms, but the majority will have between 3 and 4 bedrooms. The property is also going to have a swimming pool on the roof.

Original story: ABC (by Luis Montoto)

Translation: Carmel Drake