Merlin Completes its Purchase of the Zona Franca Logistics Park for €10.9M

8 March 2019 – Eje Prime

Merlin Properties is now the sole owner of the Zona Franca Logistics Park. The listed Socimi purchased the remaining 10% of the complex that was still owned by the Consorci de la Zona Franca (CZF) for €10.9 million in December.

In this way, Merlin’s subsidiary, Merlin Parques Logísticos, is now the sole shareholder of Parc Logístic de la Zona Franca SA, the owner of the complex, which is located on the Zona Franca industrial estate in Barcelona.

The complex is one of the most active industrial areas in southern Europe, spans a total surface area of 35.5 hectares and comprises two main areas: one for business and one for logistics.

The logistics area covers 285,000 m2 in total, whilst the business area spans 190,000 m2.

Original story: Eje Prime (by Roger Arnau)

Translation/Summary: 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