Madrid & Valencia Led The Logistics Market In October

6 November 2017 – Cadena de Suministro

The month of October was marked by the developments carried out by Mercadona, Grupo Lar and Inditex in the Community of Valencia; as well as by the transfer of DB Schenker’s operations in Madrid, Invesco’s new development in Getafe and Neinver’s purchase of a 40,000 m2 site (also in Madrid).

The Spanish logistics market is continuing to perform well, as demonstrated by the increase in demand in Madrid (+57%) and Valencia (+35%) during the 9 months to September. It is precisely in Valencia where, in October, TH Real Estate acquired the logistics platform that serves Carrefour.

Meanwhile, in the Spanish capital, Neinver incorporated 40,000 m2 of logistics space into its portfolio, located in an industrial estate in the town of Getafe; and in Zaragoza, Ibercaja sold two warehouses, measuring 15,926 m² and 11,170 m² in PlaZa to Savills Investment Management.

At the international level, one of the most noteworthy operations last month was the purchase of IDI Gazeley by Global Logistics Properties for €2,400 million. The acquisition of Logicor also pushed ahead, for which China Investment will pay €12,250 million, in a deal that has finally been approved by the European Union.

New developments

In terms of new developments, Madrid and the Community of Valencia headed up the leaderboard once again. Mercadona formalised its purchase of a 358,270 m2 plot in Parc Sagunt, where it is going to build its largest logistics centre in Spain, whilst Lar España committed to starting work soon on the construction of its logistics park in the Valencian town of Cheste.

Meanwhile, Inditex plans to expand its facilities in the Alicante town of Elche, where it has a platform dedicated to footwear. In the same way, it plans to open a new centre in Marchamalo, in the Corredor del Henares area, at the end of 2018.

In Madrid, the operator DB Schenker moved and unified the operations of all of its divisions into a new location in Vicálvaro, where the Port Authority of Valencia is considering establishing an intermodal logistics platform.

Meanwhile, Invesco started building new facilities on the Puerta Mayor Los Gavilanes Business Park, in the town of Getafe. In terms of Barcelona, which saw less activity in the logistics market in October, Kiabi announced it is about to start operations at its new centre in La Bisbal de Panadés.

In other geographic regions, the Ministry of Development found a definitive location for the logistics platform in Talavera de la Reina, Toledo. Moreover, the Junta de Andalucía announced that it will spend some of its budget for 2018 on turning the autonomous region into a logistics hub, capable of leveraging the traffic that connects Europe with the North of Africa and America.

Operations involving logistics clients

One of the most important developments undertaken by the business sector in Spain in October was the opening of Elektro 3’s logistics platform in Tarragona, with a surface area of 16,000 m2, and of Covestro’s platform in the same province. Moreover, the Construction Platform was opened in the Madrilenian town of Pinto, spanning 33,000 m2 and the equivalent version was opened in Froiz, Vigo, measuring 1,700 m2.

Construction work also started at Berlys’ new plant for frozen products in the Navarran town of Tajonar as well as on the plant for Frutas E. Sánchez in Mercamadrid, which will be operative from Q1 2018 and November 2018, respectively.

In this context, the spare parts distributor Diesel Technic announced that it will move its warehouse from Alcalá de Henares to the Casablanca II de Rockspring platform in Torrejón de Ardoz; and the Zaragoza-based company Casa Matachín said that is planning to invest €21 million on the construction of a logistics platform in PlaZa.

Original story: Cadena de Suministro

Translation: Carmel Drake

Aragón’s Logistics Sector Accounts For 5.5% The Region’s GDP

5 December 2016 – Inmodiario

So far during this legislature, the Government of Aragón has sold 500,000 m2 of land for logistics activities. The sector now employs around 40,000 people and accounts for 5.5% of the region’s GDP.

These figures were presented by the President of Aragón, Javier Lambán, during the VII Convention of ADEA-Aragón Directors. The forum noted that the Logistics Platform in Zaragoza is the largest in Spain and the fifth-largest in Europe and that the change in strategy adopted during this legislature is already generating results.

The new strategy is based on the creation of a new single brand “Aragón Logística”, involving the harmonisation of the supply of land from the various logistics platforms, which already account for 38% of Spain’s logistics space. It is also looking to consolidate Aragón’s relationships with all of its potential partners in the sector, which has resulted in improvements in the relationships with Cataluña, Navarra and Valencia.

On this basis, Aragón looks set to exceed all of its prior year export figures in 2016. During the first nine months of this year, Aragón exported goods with a value of €18,905 million to 164 countries, up by 2.1% compared with 2015 and up by almost 50% compared with ten years ago.

In terms of transport routes, 62% of goods were distributed by road, 16% by sea, 12% by rail and 10% by air. Aragón’s main clients include France, Germany, Italy, the United Kingdom, as well as China and the USA.

The President of the region is committed to diversifying the economy, and examples are already in place, with logistics clusters involving a large variety of transport companies, distribution centres and value added activities. (…).

Original story: Inmodiario

Translation: Carmel Drake