INBISA Completed the Construction of Logistics Projects Spanning 330,000 m2 in 2018

8 April 2019 – Press Release

INBISA Construcción completed the construction of logistics projects spanning 330,000 m2 in 2018, up by 80,000 m2 YoY, and has already handed over more than 110,000 m2 of completed logistics space so far this year.

The strong boost in the logistics sector across the country has contributed to the company’s growth, with operators in the retail and e-commerce sectors demanding much of the new space, especially in Madrid and Cataluña.

INBISA Construcción offers a complete service across all phases of the logistics process, from asset construction to property management, providing solutions to each one of its clients’ needs.

In recent months, the company completed the development of the Puerta Centro de Guadalajara industrial estate, an innovative logistics centre for Montepino Logística, a leading property developer in Spain in the development of turnkey projects, and Luís Simões, one of the country’s leading logistics operators.

Original story: Press Release

Translation/Summary: Carmel Drake

MediaMarkt to Expand its Logistics Hub in Madrid

7 March 2019 – Idealista

The consumer electronics retailer MediaMarkt is going to expand its logistics platform in Pinto (Madrid) as part of its multi-national commitment to an omnichannel retail model.

Specifically, the surface area of the latest generation logistics platform is going to be extended from 30,000 m2 to 60,000 m2 by next summer, with the building work due to start in December.

In this way, from next summer, the logistics platform in Pinto will centralise all of the company’s cross-docking operations and will operate as the distribution centre for its network of 87 stores as well as for its online customers.

Original story: Idealista 

Translation: Carmel Drake

Construction is Completed on the Largest Cross-Docking Platform in Spain

8 August 2018

Montepino Logistica invested 17 million euros in a 14,040-square-meter logistics centre in Coslada.

The company Montepino Logística has completed construction on its cross-docking platform in the municipality of Coslada, Madrid. It is the largest cross-docking centre built in the last decade in Spain and will house Nacex, a company specialised in the priority courier services. The logistics centre will allow 120 vehicles to load or unload merchandise and documentation simultaneously. The platform has 104 loading and unloading docks for vans and vehicles, and ten docks for large trailers.

The cross-docking platform was the target of a 17-million-euro investment, which has a constructed area of ​​14,040 m2 on a plot of land measuring 23,400 m2. The main area is more than 10,000 m2 warehouse where the classification and distribution of goods will be carried out.

Inside, a loft was erected to take full advantage of the facility that will be used by Nacex. The property also has a two-story office block where administrative tasks will be carried out. “It is an innovative space that will permit storage time to remain almost non-existent. It presupposes a before and an after as far as cross-docking is concerned,” Juan José Vera, vice president of Montepino Logística, explained.

The construction was directed and developed entirely by Montepino Logística S.L and executed by the construction company Mariano Lopez Navarro S.L within a nine-month period. The platform is expected to be fully operational by the end of 2018 after the facility has been retrofitted with the needed high-tech machinery.

Original Story:

Translation: Richard Turner

Socimi P3 Spain Logistics Parks Will Invest €200M in 2018

12 January 2018 – Expansión

The Socimi P3 Spain Logistics Parks, which specialises in the logistics sector and which is controlled by GIC, the Singapore sovereign fund, is planning to invest around €200 million in Spain in 2018 on the purchase of assets and land, as well as on property development.

Of the total amount, €60 million will be spent on the acquisition of land, explained the Director General of the Socimi, David Marquina, yesterday. In addition to strengthening its presence along the Madrid-Zaragoza-Barcelona corridor, the objective of the firm is to grow along the Mediterranean Corridor, where it aims to reach as far as Málaga and Sevilla.

As part of its strategy, in December, P3 Spain Logistics Parks purchased a warehouse measuring 6,000 m2 in Valencia, which it will extend by another 6,000 m2, so that the frozen food logistics company Montfrisa can establish a hub there.

During the same month, it completed the 3,684 m2 extension of the logistics supply centre that the company owns in Getafe (Madrid), which now spans almost 20,000 m2.

Marquina considers that in 2018 investment will grow by more in Madrid than in Barcelona, due to the political uncertainty (in Cataluña) and the lack of available land in that area. Other cities, such as Valencia, will also benefit from this displacement in investor interest.

Original story: Expansión

Translation: Carmel Drake

C&W: 876,000 m2 of Logistics Space was Leased in Madrid in 2017

9 January 2018 -Eje Prime

The logistics sector is starting 2018 with a bang. The industrial sector is soaring, after breaking records last year, with the leasing of 876,000 m2 of space in Madrid, its strongest location. That figure represents an increase of 80% with respect to 2016 and is the highest recorded in the last decade, exceeding even the 800,000 m2 of space that was leased in 2007, according to data from the real estate consultancy Cushman & Wakefield.

Similarly, the number of operations signed in relation to the purchase of warehouses and logistics centres amounted to 66, whereby exceeding the 50 recorded in 2016, and the average size of the surface area leased was 15,000 m2.

The areas bordering the A-2 and the A-4 were the most sought-after, as reflected by the influence that they had on the total volume of space leased in Madrid as a whole: the first area accounted for 60% of all operations, whilst assets located along the road to Valencia accounted for another 26% of transactions.

That significant increase in the sale of logistics land also resulted in a rise in prime rents. 2017 closed with an average price per square metre of €5.25/m2.

Meanwhile, in Barcelona, 450,000 m2 of logistics space was leased during 2017, which represents a decrease compared to 2016 when 645,000 m2 of space was leased, primarily because two large operations were registered during that year, with the arrival of Amazon and Mango, which incorporated warehouses with surface areas of 200,000 m2.

In the Catalan capital, by contrast, prime rents rose by 12.5%. The latest data shows an average price per square metre of logistics space of €6.25/m2 in the Mediterranean city. That rate is the highest of any of the capital cities in Southern Europe and is one of the highest on the continent. London is still the most expensive enclave for leasing warehouses and logistics centres with a price per square metre of around €15/m2.

Original story: Eje Prime

Translation: Carmel Drake

Barings Pays €17.6M For Logistics Centre In Zaragoza

17 November 2017 – Eje Prime

International logistics operation in Zaragoza. The investment fund Barings has paid €17.6 million to the manager Deka Inmobilien for a logistics centre in Plaza, one of the largest logistics parks in Europe. Currently, the space is leased to the Basque supermarket chain Eroski, which operates a distribution centre from the site.

Constructed in 2006, the plot comprises a gross leasable area of 29,000 m2 and 159 parking spaces, according to Europe Real Estate.

The German fund will use the money from the sale of this asset to take advantage of the opportunities currently being offered by the strong demand in the well-established retail market in Spain to optimise its portfolio. The German company has been advised in this operation by the consultancy firm CBRE.

Original story: Eje Prime

Translation: Carmel Drake

CBRE: 57% More Logistics Space Leased In Madrid During First 9 Months Of 2017

9 October 2017 – Eje Prime

Demand for logistics space in Madrid is soaring. During the first nine months of the year, 633,000 m2 of logistics space was leased, which represented an increase in demand of 57% with respect to the same period last year, according to data from CBRE. This rise in the volume leased was due not only to an increase in the number of transactions closed but also due to a rise in the number of transactions involving large surface areas.

233,000 m2 of logistics space was leased between July and September this year, of which 173,000 m2 (or 74%) related to the e-commerce sector. The most important operations carried out during the third quarter included the turnkey project in Illescas, with a surface area of 103,000 m2; the Leroy Merlin operation in Meco, spanning 59,814 m2; and the CEVA deal in Seseña, with a total surface area of 12,000 m2. In terms of the prime rent in the local distribution area, it remained at €5.25/m2/month.

In Barcelona, demand also remained very high and the lack of available spaces in the first and second ring alone, where the vacancy rate is just 0.5% and 1.6%, respectively, prevented the volume of new space leased from continuing at record levels, in line with the last two years.

In this sense, 80,000 m2 of logistics space was leased during the third quarter of 2017, down by 29% compared to the previous quarter (112,000 m2). In terms of the cumulative figure for the half year, more than 317,000 m2 of space was leased, 57% less than during the same period in 2016. The most important operation during the quarter was the rental by Naeko of a logistics warehouse with a surface area of 20,000 m2 in La Bisbal del Penedès.

In terms of prices, prime rent continued at €6,50/m2/month in the Catalan capital, although that figure is expected to rise over the next few months, due to the stark lack of available space.

Original story: Eje Prime

Translation: Carmel Drake

Mercadona Signs Purchase Of Giant Plot In Parc Sagunt, Valencia

9 October 2017 – Eje Prime

Mercadona has finally got a foothold in Sagunto. The food distribution chain is continuing to shake up the logistics business in the country with the purchase of a plot of land measuring 358,270 m2 in the Sagunto Business Park (Valencia).

Although the agreement was announced almost a year ago, it was not until last week that the deal was actually signed. Now, Mercadona will have to wait another nine months before work starts on the construction of the logistics centre that it plans to build on the site, according to Expansión.

This is the first of three plots that the firm has acquired on the industrial estate: 600,000 m2 of land in total for €41.31 million. This means that one third of the Parc Sagunt industrial area is now owned by the group led by Juan Roig.

The positioning of Mercadona in Sagunto has attracted other companies to the sector, as evidenced by the purchase of two other plots on the industrial estate by Vostok and Inlet Seafish, which spent €1.43 million and €620,000 on their sites, respectively.

Original story: Eje Prime

Translation: Carmel Drake

Amazon To Open 15,000 m2 Logistics Station In Alcobendas

22 September 2017 – Mis Naves

Amazon is continuing to strengthen its distribution network in Spain. With this new facility (to the north of Madrid), the e-commerce giant is hoping that the logistics companies that it works with will be able to shorten order delivery times.

Currently, Amazon’s logistics network in Spain includes a logistics centre in San Fernando de Henares (Madrid) and another centre in Castellbisbal (Barcelona) dedicated to Amazon Pantry (the food and drugstore segment).

This autumn will see the opening of new logistics centres in El Prat (Barcelona), Martorelles (Barcelona) and Getafe.

Moreover, the company owns two urban warehouses in Madrid and Barcelona to provide ultra-fast deliveries to its Prime clients in those cities through the Prime Now service.

Original story: Mis Naves

Translation: Carmel Drake

INBISA To Construct 38,000m2 Logistics Centre For GreenOak

22 September 2017 – Observatorio Inmobiliario

INBISA has started work on the construction of a logistics centre comprising two buildings covering a surface area of 38,000 m2 in San Fernando de Henares (Madrid), under orders from the real estate investment company Talus Real Estate, which will be responsible for managing the asset.

The property is owned by the investment fund GreenOak Real Estate and the construction work is expected to be completed by February 2018. The fund has commissioned this project for its subsequent lease or sale.

The centre will be divided into two buildings of equal size and will have a total constructed surface area of 38,255 m2, plus 24,062 m2 of urbanisation. The work to be undertaken by INBISA Construcción at this site, known as “Puerta de Madrid”, constitutes a significant construction challenge, given that the company has to finish both buildings in a very short time period.

INBISA Construcción has vast experience in the industrial-logistics sector and has carried out several major projects in the sector, such as the construction of the Manzanares Business Centre on the ‘Los Gavilanes’ industrial estate in Getafe.

According to Jesús Herrera, Director of Business Development at INBISA Construcción’s Central Offices, “the construction of this large logistics space consolidates our presence in the Corredor de Henares. It is a very significant challenge for INBISA Construcción, given that the timeframe for completion is very ambitious, just 7 months. With this new project, we are continuing to deepen our industrial-logistics specialisation at the national level and we thank GreenOak and Talus Real Estate for the trust that they have placed in us”.

INEL 2000 has participated in this project as the architect and technical manager, and Soluciones Transparentes has served as the Project Manager. Both companies have extensive experience in the industrial/logistics sector.

Original story: Observatorio Inmobiliario

Translation: Carmel Drake