Mango’s Owner Sells a Logistics Warehouse in Barcelona to Jevaso for €25M

28 February 2019 – Idealista

Isak Andic, the owner of Mango, has sold its former distribution hub in Parets del Vallès, Barcelona to the logistics operator Jevaso for €25 million. The warehouse has a surface area of 35,000 m2 and the deal was actually completed in the second half of 2018.

Mango’s expansion means that the firm no longer needs this plant, in which it invested €45 million initially. It has already been replaced by the fashion retailer’s current complex in Lliçà d’Amunt.

Jevaso is one of the largest operators in the Spanish logistics sector and provides services to large fashion groups across the country.

Original story: Idealista

Summary translation by: Carmel Drake

Jevaso Buys 41,000 m2 Plot in Zaragoza from Porcelanosa for €10M

30 May 2018 – Eje Prime

Real estate operation in the logistical heart of Spain. The logistics operator Jevaso, which works for groups such as Inditex, has acquired a plot of land measuring 41,000 m2 in the Logistics Platform of Zaragoza (Plaza), which had belonged to Porcelanosa until now. The company has disbursed ten million euros for the land and will invest another €3 million on the renovation and expansion of the warehouse, which will span 13,000 m2.

Following the construction work, which will be completed in August, Jevaso’s facilities in Zaragoza will span 25,000 m2. Porcelanosa acquired the plot in 2005 and invested €22 million in the project.

Jevaso is going to use these facilities primarily for returns, ironing and drop-shipping, and initially, its main client is going to be Inditex. Over the medium term, the company plans to add another 12,000 m2 of space. Jevaso has three other warehouses, one that it owns and two that it leases. The aim of the group is to centralise its operations on the new site and hold onto just one of the existing assets, which is connected with Inditex.

At the end of last year, the company acquired another plot measuring 25,600 m2 in Meco (Madrid) with a warehouse spanning 9,000 m2 for €5 million. The group has budgeted an investment of €1 million for that renovation and is considering expanding it to 48,900 m2 over the medium-long term. Jevaso’s new site in Madrid is just 300 m away from the former, located close to Inditex’s operations.

In the cases of both Zaragoza and Madrid, the plots still have scope for more construction, whilst in A Coruña, the group has had to grow with new independent warehouses that have a surface area of 103,000 m2.

In total, Jevaso has six plants in A Coruña, Zaragoza, Madrid, Parets del Vallès (Barcelona) and Braga spanning 200,000 m2. The group employs more than 1,500 workers, moves 120 million garments per year and irons up to 350,000 pieces of clothing a day. The group generates revenue of around €60 million and expects to grow by between 10% and 15% this year.

Jevaso’s history dates back to 1983. Jesús Vázquez, whose family also worked in the textile industry, started his professional career in Samlor, one of Amancio Ortega’s first companies. In the beginning, Jevaso was a clothes manufacturing company dedicated to serving large Galician businesses, which expanded to offer ironing and labelling services. With the industrial relocation, the company turned its business on its head and integrated the logistics activity.

Original story: Eje Prime (by P. Riaño & I. P. Gestal)

Translation: Carmel Drake