Tag: last mile delivery

Palm Logistics Develops a 115,000m2 Logistics Hub in Getafe (Madrid)

27 March 2019 – Press Release

Palm Logistics, the dedicated affiliate of Palm Capital, the pan-European real estate private equity specialist, is set to deliver a large logistics hub in Madrid, to meet the pent-up demand for modern logistics in the capital and respond to the rapid growth of e-commerce and supply chain rationalisation across Europe.

The site, covering more than 115,000 m2 across 10 grade-A logistics buildings, will provide the best ‘last mile delivery’ option to Madrid while being easily accessible to the rest of Spain and across Europe.

The first phase, due to complete this summer, comprises a 33,000m2 leasable area across two buildings with the ability to offer modules from 7,000m2 to 20,000m2.  The buildings will be certified LEED Silver, having been built to the highest quality standard with key sustainability considerations in mind.

Gavilanes is located close to main roads, the airport and the Abroñigal intermodal station with its large roads and roundabouts adapted to the traffic of heavy vehicles.  The site is already home to several first-class international companies including Amazon, Decathlon, Costco, Mercadona, and ID Logistics.

Original story: Press Release

Edited by: Carmel Drake

XPO Logistics Inaugurates its First ‘Last Mile’ Operations Centre in Spain

4 June 2018 – Eje Prime

XPO Logistics, the provider of transport and logistics solutions, is expanding its service in Spain. The group has recently launched two centres in Puerto de Sevilla, which together span almost 10,000m2. Both facilities are located in the Puerto’s ZAL (Logistics Activities Zone) and one of them is going to be the site of XPO’s first last mile operations centre in Spain.

XPO is also working on additional extensions to its last mile network in other Andalucían provinces, including opening an operations centre in Málaga dedicated exclusively to that activity.

This intensive service logistics area consists of specialised delivery, at-home assembly, and installation of large consumer products, such as furniture and household appliances. The 50 loading bays at the plants in Sevilla will be used to support the growing demand for the company’s last mile service, as well as its palleted cargo network (LTL) in Spain and Portugal.

XPO is present in all of the Andalucían provinces, where it operates a total of ten centres, owned and leased, including these two centres in the ZAL of Puerto de Sevilla. The company serves more than 500 clients of varying sizes and sectors across the region. XPO’s palleted cargo network in Spain includes 70 distribution centres and transports more than 4 million pallets per year, making it the national leader in this segment of activity.

Original story: Eje Prime 

Translation: Carmel Drake

Invesco Invests €80M in Madrid Logistics Park to be Built by Pavasal

19 March 2018 – Expansión

The Valencian construction company Pavasal and the investment fund manager Invesco have reached an agreement to develop the largest available area of logistics space for rent in the city of Madrid, with an investment of €80 million.

The project will involve the construction, by Pavasal, of a logistics park spanning 90,000 m2, just 8km from the centre of the Spanish capital, which Invesco will subsequently purchase. The operation has been advised by the consultancy firm BNP Paribas Real Estate.

The Madrid M-40 Logistics Park (PAL-40), which is going to be located alongside the M-40, will be built in two phases. The first phase will involve the construction of a building measuring more than 45,000 m2. This property may be leased in modules upwards of 2,500 m2 to several tenants or be occupied by a single logistics operator.

Work on the first phase is scheduled to begin during the second half of 2018 and the keys are expected to be handed over during the third quarter of next year.

Meanwhile, the second phase of the project will include another 45,000 m2 of logistics space, which may be used for turn-key projects adapted to the needs of operators.

Last mile delivery

The park is going to be constructed on the basis of a ratio of more than 2,000 delivery operations per day and will optimise delivery times thanks to its location with respect to the large population nuclei and logistics activity centres. Moreover, it will receive an energy efficiency certificate, according to those responsible for the project.

Specifically, the platform will have a 336-metre long façade overlooking the motorway and will be accessible by vehicle from Avenida de Andalucía, which the logistics sector call the last mile.

In this way, the new logistics park is going to be located less than 8km from Puerta del Sol, close to the Atocha AVE station and 19km from the airport.

The logistics sector was one of the segments that performed the best last year, as shown by the large volume of land that was bought and sold thanks to the growing demand for logistics space by companies dedicated to e-commerce.

Thus, the level of uptake in the sector in the market of Madrid and its area of influence reached historical highs in 2017, with 886,405 m2 of space leased, according to data compiled by BNP Paribas Real Estate.

Original story: Expansión (by Rebeca Arroyo)

Translation: Carmel Drake

Amazon To Construct New Logistics Centre In Barcelona’s Zona Franca

27 October 2017 – Eje Prime

Amazon is redoubling its commitment to Barcelona. The US group has leased a plot of land in the city’s Zona Franca Consortium, which will become its fifth logistics centre in Cataluña. The plot of land measures 20,000 m2 and the plan is to build a warehouse on the site, with a surface area of 9,300 m2, according to Expansión.

The US group has agreed to pay €7.6/m2/month to the property developer Goodman, according to sources familiar with the operation. Sources at Amazon have declined to confirm or deny the operation, which is likely to have been signed during the third quarter of the year.

The decision to locate the new logistics centre in the Zona Franca reflects Amazon’s willingness to establish itself strategically close to the city of Barcelona, given that proximity is a key factor for the distribution of last mile delivery products.

Goodman plans to build another warehouse measuring approximately 10,000 m2 close the warehouse that the US company will occupy, although it does not have a tenant for that property yet.

Following this deal, Amazon will have five logistics centres in Cataluña (in El Prat de Llobregat, Castellbisbal, Martorelles and Eixample), and it plans to open a new research and development centre specialising in artificial intelligence, which will employ more than 100 people.

The company started to set up its own structure in the country in 2012, with the launch of its first complex in Illescas (Toledo). In Madrid, it opened a large complex in San Fernando de Henares and it is currently building two more in Alcobendas and Getafe. In Barcelona, the group is finalising the launch of its platform in El Prat, whilst it has one platform in Valencia and is building another one in Sevilla.

Original story: Eje Prime

Translation: Carmel Drake