The Junta de Andalucía Sells 15 Industrial Plots for c. €1M

March 2019 – Onda Cero

The Agency for Housing and Rehabilitation in Andalucía (AVRA) has sold 15 industrial plots of land in the province of Jaén for around €1 million. The buyers expect new companies to open facilities on the plots and existing companies to expand.

Together, the plots span a total surface area of 11,967 m2, and the interested parties have paid €904,508 in total. Six of the plots are located on the Llanos del Mazuelo industrial estate, in Alcalá la Real; three are situated in Torredelcampo, two in Arjona, two more in Torredonjimeno, one in Villacarrillo and one in Huelma.

Original story: Onda Cero 

Translation/Summary: Carmel Drake

A Third of the León’s Business Land is Already Under Development

6 October 2018

Almost half of the land available in business parks and industrial states has already been sold, and less than 18% is still available.

A third of the land in León that is zoned for business uses is already currently under development, while almost half has already been sold and a little less than 18% is still waiting for economic initiatives. However, the occupancy of industrial land presents significant differences in saturation and demand between some industrial estate and others. The reduction in the price of some of these lands seems designed to encourage the installation of certain initiatives, though the preferences of employers are also clear when selecting a location, and they are not always related to the price.

In general, it has not been easy to absorb the “significant expansion of industrial land generated between 2004 and 2007 by all operators, which doubled their supply,” the Economic and Social Council of Castilla y León noted. This affects the excess land available in the industrial estates promoted by the municipality, whereby, on the whole, the Community tripled the supply of business land, “becoming the largest operator at the regional level, with more than a third of the total supply” in the market.

In the case of the province of León, that supply was added to the investment of mining funds in this type of infrastructure in the basins, which increased the available supply of land at a time when the financial crisis began to take hold. The result was that more than half of the industrial parks in the province have less than ten companies operating in them, and many of them have not managed to bring in a single tenant, according to an analysis carried out by the Association of Owners and Entrepreneurs of the Leon Industrial Estate. (Apepil).

According to CES, there has been a “strong push” in the sale of industrial land since 2016, which means that on average the occupancy rate in the Community has reached 60%.

This percentage has not been reached in the province, according to the data of the council the occupancy rate in the business land in the province is 49.5% (something more than seven million square meters); while almost 4.7 million are in the project phase, 33% of the total. The rest, just over 2.5 million, which accounts for less than 18% of the land, is still available.

In total, the province’s business land adds up to almost 19.6 million square meters and is the third largest supplier of infrastructure of this type of the Community, behind Valladolid and Burgos, which head the regional ranking. More than five million square meters are non-exploitable surfaces (green areas, roads, sidewalks, roundabouts, …).

In the case of León, the town councils that have developed most of the land for “industrial” use (though industries are not always installed); with more than 7 million square meters spread over 27 industrial estates. Initiatives by municipal and private capital add another seven industrial estates and almost another two million square meters.

The Institute of Business Competitiveness (ICE, former ADE) of Castilla y León, a subsidiary of the Junta, totals more than 4.7 million square meters, and more than one million of them are still available despite the price reduction of available land approved by the Junta more than two years ago, in April 2016.

The infrastructure developed by the private sector also have an important weight, almost three million square meters, of which only one million are occupied. The best performance was obtained by the state industrial land agency Sepes, which has almost 2.9 million square meters in its industrial estates in León, and an almost non-existent available area compared with the rest of the developers.

The CES noted that a year ago, the plenary session of the Cortes unanimously approved the promotion of the León Technology Park.

Original Story: Diário de León – María J. Muñiz

Photo: Ces. Ramiro

Translation: Richard Turner

Dachser Inaugurates New Warehouses Spanning 28,000m2 in Zaragoza & Logroño

10 April 2018 – Eje Prime

Dachser is expanding its warehouse space in Spain. The German logistics operator is strengthening its presence in the country with the development of 28,000 m2 of space for the provision of logistics services in Zaragoza and Logroño.

In the Aragonese capital, the company has expanded its volume of storage space in the city by 26,600 m2 with three new warehouses. Two of them are located on the Malpica Industrial Estate and the other one is located on the Plaza Industrial Estate.

Meanwhile, on the Las Cañas Industrial Estate in Logroño, Dachser has doubled the surface area that it has there for transport and has tripled its parcel processing capacity. With these two new operations, the company now manages more than 70,000 m2 of logistics space in the regions of La Rioja, Aragón and Navarra.

Currently, the group has 87 local offices in Spain and  Portugal, as well as 363 own centres distributed across 24 countries all over Europe.

Original story: Eje Prime

Translation: Carmel Drake

Junta de Andalucía Awards 6,627m2 of Industrial Land in Jaén

23 March 2018 – 20 Minutos

Specifically, the Junta de Andalucía has sold nine plots of industrial land located on several industrial estates in Alcalá la Real, Arjona, Martos and Torredonjimeno for a total amount of around €0.5 million, according to a statement issued by the Andalucían Government on Friday.

Most of the sales have been recorded in Alcalá la Real, where four plots spanning a surface area of 2,800 m2 on the Llanos del Mazuelo industrial estate have been awarded, which will whereby continue its development with the upcoming installation of new companies and the expansion of existing firms that already operate there.

In Torredonjimeno, three other plots have been awarded, spanning a total surface area of 2,184 m2, whilst in Arjona, one plot measuring 700 m2 has been sold and in Martos, another plot has been sold for the expansion of the Cañada de la Fuente Industrial Estate, spanning 941 m2.

The Minister for Development and Housing, Felipe López, explained that the land sales by the autonomous community were reactivated at the beginning of this legislature, “a decision that aims to place public assets at the disposal of business initiatives for the generation of economic activity and employment”.

According to López, the proceeds that the government has been receiving since the beginning of 2015 for these sales “are allowing the autonomous Administration to look for and generate new plots for future industrial and business uses with the aim of boosting economic development and responding to the growth needs of the production fabric” in the province of Jaén.

Moreover, he highlighted that Jaén leads the ranking for the sale of industrial land in Andalucía to date during this legislature. In total, including the plots that have just been awarded, 96,655 m2 of land has been awarded in the province since 2015 for almost €8 million.

Meanwhile, he added that the first offer for land owned by AVRA this year has resulted in the award of 28,376 m2 in residential and industrial plots right across Andalucía, for a total amount of €5.6 million.

In addition to the plots of industrial land sold in Jaén, the award of land for social housing in Córdoba is also noteworthy, where a plot measuring 4,656 m2, with capacity for 88 homes, has been divested for €1.7 million.

Moreover, a free residential plot, spanning 15,450 m2 and with capacity for 86 homes in the Malagan municipality of Rincón de la Victoria, was sold for a price of €3.1 million. In addition, another free residential plot for 10 homes was also sold in the Cordoban municipality of Obejo, for €103,500.

The sale that has just been completed was opened on 26 January and remained open for the presentation of offers until 1 March. The offer, the first in 2018 involving the sale of industrial, tertiary and non-residential land, as well as residential plots and other real estate assets, contained almost 900,000 m2 spread over 772 plots across all of Andalucía’s provinces.

The residential plots that were included in this sale have capacity for 3,060 homes, of which 1,437 are social housing in nature and the remainder are for free/private development.

Original story: 20 Minutos

Translation: Carmel Drake

Sprinter Invests 35 Million Euros in Its New Headquarters and Logistics Center In Alicante

26 March 2018

In 2017, the sporting goods chain of stores, owned by JD Sports, paid 15 million euros for occupied land in the Las Atalayas industrial estate, covering 39,000 square meters, and plans to spend another twenty million on a warehouse.

The group already spent around 15 million euros last year for the 39,000-square-meter plot of land, according to JD Sports’ financial reports for the first half of the year. The land has an additional area for potential future expansion.

In parallel, the company has begun the construction of a logistics warehouse in Las Atalayas, which is expected to cost about twenty million euros. JD Sports anticipates that the bulk of this investment will impact its results for the second half of 2017 (from August 2017 to January 2018).

Sprinter plans to start up eight new stores in Spain throughout 2018, reaching 140 functioning stores in the country. The company also expects to increase its turnover this year, reaching more than 240 million euros in net sales.

Original Story: EjePrime

Translation: Richard Turner

Lar Acquires 3 Logistics Warehouses From UBS For €18.5M

27 May 2015 – Expansión

The Lar Group has purchased three logistics warehouses in the Alovera de Corredor del Henares (Madrid) and Juan Carlos I de Almussafes (Valencia) industrial estates for €18.5 million from UBS Real Estate GmbH, through its two fully owned subsidiaries.

Original story: Expansión

Translation: Carmel Drake