Losantos Invests €50M to Become the King of the Last Mile

12 November 2018 – Expansión

The real estate group, Allegra, chaired by Mario Losantos, has acquired several plots in recent months on the outskirts of Madrid to develop projects relating to the logistics sector and to increase its commitment to e-commerce in Spain. These operations will allow it to have a very active role in the business known as “the last mile”, the critical part of the distribution of products purchased online, which involves transporting them from the final warehouse to customers’ homes.

Before the summer, the group acquired a logistics park in the town of Villaverde, to the south of Madrid, which was leased to the group On Time Logistics last week. The plot, measuring 30,000 m2, contains a warehouse measuring 17,000 m2 and a cross-docking platform measuring 8,000 m2.

Moreover, the group has closed the purchase of two plots of land in the north of Madrid, very close to the facilities of Amazon, the largest online operator in the world. Both plots have a buildability of 40,000 m2 and have involved an investment of €30 million.

The three operations undertaken in Madrid will take the total investment figure to more than €50 million, once all of the platforms have been constructed. The Spanish group started to invest in logistics centres a while ago in the USA and the UK. In recent weeks, the group has purchased a new platform measuring 89,000 m2 in Hampton (Virginia) to continue with its international expansion. That park is leased to the urgent parcel operator Fedex. Sources close to the group indicate that over the coming weeks, the firm may acquire another platform in Chicago, which is also operated by Fedex.

In the United Kingdom, Allegra has recently purchased two platforms in the cities of Telford and Durham, bringing its investment in the British logistics sector in recent years to €30 million.

The Spanish company, whose portfolio of real estate assets amounts to around €1 billion, has invested €250 million in the logistics sector. The group also owns commercial premises and residential buildings in the United States, Australia, New Zealand and Portugal, amongst other countries.

Original story: Expansión (by Amparo Polo)

Translation: Carmel Drake

Fedex Opens Large Warehouse In ZAL Port de Barcelona

13 October 2017 – Mis Naves

Fedex is an express parcel delivery service that is most certainly backing the Spanish market. The company has just announced the opening of a large warehouse inside the ZAL Port de Barcelona.

The new facilities span a surface area of almost 17,000 m2 and used to house the Seat vehicle factory. Specifically, the site has a surface area of 16,905 m2, of which 14,505 m2 is used as a warehouse and 2,400 m2 is office space.

These facilities are equipped with state-of-the-art technology, including integrated weight and volume recording systems that provide 360º images of all of the faces of the shipped goods, whereby increasing their traceability; they also have a state-of-the-art automated cross belt sorting system (sorter) with the capacity to process up to 10,000 packages per hour, which makes this Fedex’s most technologically advanced centre in Spain.

Fedex’s turnover in Spain now exceeds €90 million, with a workforce of almost 200 workers.

Original story: Mis Naves

Translation: Carmel Drake