The logistics developer Panattoni has signed an agreement with Gasteizko Industria Lurra (Gilsa) for the purchase of two plots of land spanning 57,000 m2.
The logistics market is continuing to generate good news for the real estate market. Panattoni is planning to develop a logistics park comprising two state-of-the-art multi-client warehouses on these plots, which are located on the Jundiz industrial estate in Vitoria.
The two buildings, which span 19,000 m2 and 13,000 m2, respectively, will be designed as distribution and storage platforms, in what is expected to be a benchmark logistics park for distribution throughout the Basque Country, as well as neighbouring regions and Southern France. The operation has been advised by the consultancy Busenver and the commercialisation of the park has been entrusted to CBRE and Ucieza Servicios Inmobiliarios.
Read the full article in Spanish.
14/10/2014 – Expansion
Mercadona, one of the leading supermarket company of Spain, has just purchased a plot of 150.000 square meters located in the Jundiz industrial area for €10.6 million paid to Gilsa, a firm held by the Basque authorities and the City Council of Vitoria. The chain is going to raise in there a logistics hub in the north of the country.
This way, Mercadona confirms its bet on Euskadi, specifically on Vitoria, where it has opened its first supermarket in the region and presently is preparing for inauguration of two more before the end of the month. The Jundiz center will be the 13th distribution hub of the group and it will supply the stores in the north of the Peninsula. In fact, the Valencian company embarked few months ago in Navarre and inside its plan of expansion in the Basque Country it expects to open 25 shops within the next six years.
Original article: Expansión (by M. Vargas)
Translation: AURA REE