Logic Spain KCRE Buys 15,252m2 Logistics Platform

30 March 2017 – Mis Naves

The company Logic Spain KCRE, a joint venture created by Brunswick Invest (the main investment arm of Brunswick Real Estate), the international real estate group Grosvenor, and the Spanish investment company Kefren Capital, has completed the acquisition of a logistic platform located in La Bisbal de Penedés (Tarragona).

The platform was constructed in 2005 on a plot of land measuring 25,000 m2. The total constructed surface area is 15,252 m2, including almost 500 m2 of office space and it is leased to Applus Idiada, a subsidiary of the Applus group and market leader in the design, engineering, testing and provision of homologation services for the automobile industry.

The logistics platform is located 5 minutes from the intersection of the AP-2 (Madrid-Barcelona) and AP-7 (Mediterranean Corridor) motorways and is 40 minutes from the port of Barcelona and 20 minutes from the port of Tarragona. The industrial estate where the warehouse is located has direct access to the Applus Idiada test circuit, where the company carries out its vehicle trials and tests.

Logic Spain KCRE is led by the real estate asset manager Kefren Capital Real Estate (KCRE) and has been advised by Bufete Buigas on the legal-side and by Mace regarding technical matters. The operation has been financed by Kutxabank.

JLL advised the vendor during the process.

The logistics platform in La Bisbal represents Logic Spain KCRE’s second investment. The entity plans to invest more than €100 million in logistics assets in the Spanish market. Kefren Capital Real Estate will take responsibility for managing the assets in order to generate value using its extensive experience in the sector.

Original story: Mis Naves

Translation: Carmel Drake

Rockspring’s New Logistics Platform In Getafe Ready By YE

1 August 2016 – Mis Naves

Construction of the logistics platform that Inbisa is building for the UK fund Rockspring in Getafe is progressing nicely, and all indications are that it will be completed by the end of 2016 or beginning of 2017, just nine months after the first stone was laid at the site.

In fact, as at July 2016, just four months after construction began, almost 50% of the structure has been built, and the workmen have now started to construct the platform’s walls and roof.

Located in the Puerta Mayor “Los Gavilanes” business and logistics park in Madrid, the new platform will cover an area equivalent to eight football pitches, with a total constructed surface area of 58,000 sqm, on a plot measuring 88,000 sqm. The platform may be split into eight modules measuring more than 7,000 sqm each.

Both Rockspring and ProEquity, the real estate consultancy responsible for the exclusive marketing of this project, are excited about the new platform, which is particularly suitable for major retailers and e-commerce specialists that need to base their logistics operations close to Spain’s capital city.

In this sense, the logistics park in Getafe is located at the junction of the A-4 Madrid-Andalucía motorway and the M-50 ring-road, 27 km from Barajas airport and 20km from the centre of Madrid.

The platform will be equipped with the highest quality standards, a certificate of sustainable construction and complete facilities with a dock ratio of 1/860m2, which means 64 docks, concrete structure and walls, wide handling bays measuring more than 35m, an interior height of 12m and LED lighting, amongst other state-of-the-art features.

Original story: Mis Naves

Translation: Carmel Drake