Montepino Snaps Up Two Plots of Land for Logistics Platforms in Castellbisbal

28 October 2019 – Montepino, a developer controlled by the Europroyev Group, has acquired two plots of land destined for logistics platforms in Castellbisbal, Barcelona. The consultancy CBRE advised Montepino on the transaction.

With this acquisition, the firm now has a total of 85,000 square meters of land in Catalonia, with the capacity to build two logistics platforms measuring 13,000 and 16,000 square meters, respectively.

Original Story: Eje Prime

Adaptation/Translation: Richard D. K. Turner

HNA Acquires Logistics Platform in Guadalajara for €10.5 Million

28 October 2019 – HNA has acquired a logistics platform in Alovera, Guadalajara, from an undisclosed family office in Madrid for 10.5 million euros. The consultancy Knight Frank and InmoKing Real Estate advised on the deal.

The acquisition of the 16,674 square-meter asset is part of HNA’s current strategy of increasing its investments in the real estate sector.

In February, the company also acquired the office building located at Calle Emilio Vargas  2, in Madrid. The 7,574-m2 building has seven floors and is currently 100% leased.

Original Story: Eje Prime

Adaptation/Translation: Richard D. K. Turner

Mountpark Negotiating the Acquisition of Land for Logistics Platform to the South of Madrid

30 September 2019 – Mountpark is negotiating the acquisition of more than two million square meters of land in the south of Madrid. The developer intends to build a major logistics platform at the site, one with more than 40,000 square meters of surface area.

The company is planning on copying another platform it built recently at the Iberum Central Platform, in Illescas, Toledo. Mountpark built a 44,000-square-meter warehouse for XPO Logistics that H&M is using.

Mountpark Iberia is a part of a joint venture by Usaa Realco-Europe Holdco, the Dutch subsidiary of the US firm Usaa Real Estate, and the Luxembourg-based Mountpark Finco Sarl.

Original Story: Eje Prime – Marc Vidal Ordeig

Adaptation/Translation: Richard D. K. Turner

AMC Sells Warehouse in Sant Andreu de la Barca for €1.5 Million

3 September 2019

The Switzerland-based Alfa Metalcraft Corporation (AMC), which specializes in steel kitchen systems, has sold a warehouse with an area of 5,755 m2 of constructed surface area for 1.5 million euros to an unnamed company that supplies equipment for industrial transmission and linear motion systems.

The asset is located on a 12,000 m2 plot of land in the Can Sunyer industrial estate, in Sant Andreu de la Barca, Barcelona. NCI Asesores Inmobiliarios mediated the sale.

Original Story: Eje Prime

Adaptation/Translation: Richard D. K. Turner

Savills Investment Management Acquires Logistics Platform in Zaragoza for €40MM

30 July 2019 – Richard D. K. Turner

Savills Investment Management (SIM), has acquired a logistics platform in the Plaza Logística park in Zaragoza, for 40 million euros. The asset is currently leased to the French company Decathlon. SIM acquired the asset through the Savills IM European Logistics Fund 2 (ELF-2) fund.

The property has a gross leasable area of 50,520 square meters and occupies a 90,000-m2 plot of land.

Original Story: Eje Prime

Allegra Looks to Sell Logistics Platform Nearby Amazon and Madrid

29 June 2019

The real estate group, Allegra Holding, is looking to take advantage of the substantially increased interest in e-commerce and its effect on the logistics industry to sell the Postremo project. Postremo comprises two warehouses in Villaverde, on the outskirts of Madrid, and a plot of land located in front of a facility owned by Amazon in San Fernando de Henares, just 30 kilometres from central Madrid.

Allegra mandated Knight Frank to lead the sale, which could raise 30 million euros, providing a return of approximately 5% to any potential buyer. The assets include two warehouses, with a total surface area of roughly 17,000 m2, which the logistics firm On Time is currently leasing. The 16,430-m2 plot of land has an approved project to build a 10,265-square-meter warehouse

Original Story: El Confidencial – Ruth Ugalde

Logistics Sector Booming in Spain

25 June 2019

The logistics sector in Spain is booming due to the public’s ever-growing use of e-commerce. Investments in the sector reached 2.4 billion euros last year. According to a report by Solvia, the real estate servicer recently acquired by Intrum, the sector grew by 20% between March 2018 and March 2019 as more than 7 million square meters of logistics spaces were taken on. Solvia also warned that supply is beginning to tighten in the larger Spanish cities.

The rental market for logistic assets is still strong as well. Rental income in Madrid and Barcelona is currently close to 5 and 6 euros per square meter, respectively. Profitability also remains high, with average gross return rates at 7.3%.

According to Solvia, Madrid, Barcelona, ​​Zaragoza and Valencia accounted for 50% of the sales of logistics assets in the last twelve months. Just in Madrid, buyers acquired more than one million square meters between March 2018 and March 2019.

Original Story: ABC – Guillermo Giné

Aquila Capital Acquires Land for Logistics Platform in Toledo

25 June 2019

Aquila Capital, a subsidiary of the German group Aquila Management Corporation, took a position in the Spanish logistics sector through its acquisition of 50 hectares in Illescas, Toledo.

Aquila’s real estate developer, AQ Acentor, signed the agreement with the temporary joint venture formed by Urban Castilla La Mancha and Plataforma Central Iberum Gestión de Proyectos. The developer will build a logistics platform on the land, with construction slated to begin in 2020.

Original Story: La Vanguardia

GreenOak Reaches Deal to Acquire Logistics Platform in Toledo

29 April 2019 – El Confidencial

GreenOak has once again launched an initiative to acquire logistics assets in Spain. The fund founded by John Carrafield has reached an agreement with Pavasal to acquire 40,000-square-meter project it recently in Seseña, Toledo. Pavasal acquired the land on which it will build a 30,000-square-meter warehouse and will sell the finalized project to GreenOak in the middle of the coming year.

Original Story: El Confidencial – Ruth Ugalde

Translation: Richard D. Turner

 

Goodman Seeks Virgin Land for New Warehouses

29 April  2019 – Eje Prime

Goodman, a global property expert in logistics and business space, has acquired 26,000 square meters of land in Castellbisbal (Barcelona) and will begin the construction of new warehouses during the second half of the year. The logistics giant is looking for non-finalist land near major cities for the development of new logistics platforms and currently has 285,000 square meters of land under development.

Finalist land in Spain have zoning limitations that prevent the installation of ramps or the development of warehouses that exceed a specific, both of which are essential characteristics for modern, multilevel logistics platforms. Therefore, the company is looking for virgin lands to develop.

Goodman is already working on its first multilevel platform in Spain in Molins de Rei (Barcelona). The warehouse, which Goodman is building for use by DSV, will consist of two connected buildings, each 10.5 meters high.

Last week, Goodman delivered 32,645 square meter centre in the Villadangos del Páramo industrial estate, in León, to Decathlon. The company will also conclude work on 75,000 square meter platform in Alcalá de Henares in June.

Original Story: Eje Prime – Marta Casado Pla

Translation/Summary: Richard D. Turner