Tag: logistics operator

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

Solvia Puts DHL Logistics Platform In Guadalajara Up For Sale

21 April 2017 – Expansión

Solvia has put a logistics platform up for sale measuring 51,000 m2 and located in the Corredor del Henares, in the municipality of Quer (Guadalajara). It is a complex comprising two warehouses, which is leased in its entirety to the logistics operator DHL.

The real estate arm of Banco Sabadell took care of expanding and executing the turnkey project for the launch of the platform and now has decided to put the asset on the market in light of the investor interest in the area, which is close to the A-2 and R-2 motorways.

The sales process is open to investors who are looking for assets with yields that range between 6% and 7%. 2016 was a record-breaking year for the logistics sector in Spain, with 285,000 m2 of space leased and a 3.5% increase in rental income.

Original story: Expansión (by S. S.)

Translation: Carmel Drake

Neinver & Colony Buy 2 Logistics Warehouses For c. €9M

6 February 2017 – Expansión

The joint venture created by the Spanish real estate company Neinver and Colony Logistics – which is owned by severa investment vehicles that are managed by subsidiaries of Colony Capital – has strengthened its portfolio of logistics assets in Spain, with the purchase of two new warehouses in Barcelona and Pamplona.

Market sources have indicated that these two logistics warehouses, which have a combined constructed surface area of 15,000 m2, have been sold for around €9 million.

The warehouse in Pamplona is located in the Arazuri-Orcoyen industrial area, three kilometres from the city centre, and has a surface area of 10,000 m2. The asset, acquired from Corpfin, is leased to the logistics operator Logiters.

Meanwhile, the logistics warehouse in Barcelona has a surface area of 5,000 m2.

The real estate consultancy firm CBRE advised the vendor in both cases.

Following these two new acquisitions, the joint venture that Neinver and Colony created at the beginning of 2015, with the aim of investing €200 million, now has a portfolio comprising 39 logistics and industrial centres, covering a surface area of more than 276,500 m2.

Original story: Expansión (by Rebeca Arroyo)

Translation: Carmel Drake

Amazon Leases Axiare’s Mega-Warehouse In Tarragona

16 June 2016 – Expansión

The logistics market is gaining strength in Spain, thanks to e-commerce, the sector that is growing the most and has the most optimistic forecasts. Keuhne+Nagel (K+N) has leased a logistics complex in Constantí (Tarragona) where it will work almost exclusively for the US giant Amazon.

One hundred jobs will be created during the first phase, but once the complex is operating at full capacity, it is expected to employ 400 people, according to sources familiar with the operation. To these figures, we have to add the typical reinforcements required during certain periods, such as at Christmas.

The land is owned by Axiare, which purchased the two empty warehouses last year for €13.5 million from the French insurance company Axa. (…).

Twin warehouses

The two warehouses are almost the same size as each other and have a combined surface area of 42,253 sqm in total. This is the largest operation in the sector in Cataluña so far in 2016 and one of the most important in Spain. Both facilities were constructed in 2009, but have not been used until now.

Axiare has leased the warehouses to Huenhe + Nagel, a Swiss logistics operator, which will work for Amazon. The US company will not lease this land directly, unlike the 150,000 sqm plot that it is planning to buy next to El Prat airport (Barcelona). At the facilities in El Prat, for which Amazon will reportedly pay €30 million to the Generalitat de Cataluña, 1,500 jobs will be created and €100 million will be invested, according to the Generalitat, although Amazon has not confirmed those figures.

Sources in the sector explain that the logistics infrastructures of companies the size of Amazon need several types of warehouses. As well as a central space for Southern Europe – such as the one that will be opened in El Prat, in a prime area – they also require dispatch points to handle larger objects. That activity requires more affordable, but still well-connected locations. Constantí is very close to Tarragona and is situated next to the AP-7 and A-27 motorways, and close to the AP-2. ID logistics opened a 20,000 sqm centre not far away from the site, in Vila-rodona, where Privalia is its main client.

Although the warehouses are six years old, the customisation of them has been minimal. They have 38 loading bays, are almost 11 metres tall and have offices for administration. Activity is expected to begin at the new complex in Constantí this summer.

Strategy

Stuart William McDonald, the Director of RE at the Socimi said that Axiare’s strategy involves dedicating 80% of its business to the office sector and the remaining 20% to logistics. The company led by Luis Alfonso López de Herrera-Oria, earned €5.1 million during Q1 2016, up by 22%, after recording rental income of €10 million from its assets. Its portfolio is worth €900 million and 96% of its assets are located in Madrid and Barcelona.

In 2015, Axiare also purchased land without an end customer in Valls (Tarragona), which it ended up leasing out to Kelloggs. (…). Axiare’s share price rose by 0.49% yesterday and its market capitalisation amounted to €879 million.

Original story: Expansión (by Artur Zanón and Marisa Anglés)

Translation: Carmel Drake