Tag: new logistics platforms

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

Engel & Völkers to Invest €20 Million in New Logistics Centre in Madrid

3 October 2019 – Engel & Völkers will invest twenty million euros in the construction of a logistics centre in southern Madrid.

The German consultancy’s new business line will involve anything from property acquisitions to construction and real estate intermediation. The firm intends to focus on the residential, commercial and logistics sectors.

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

VGP Acquires Land for New Logistics Platform in Seville

18 September 2019 – The Belgian developer VGP announced that it had acquired a 100,000-square meter plot of land in Seville, where it the company plans to invest a total of 35 million euros in the development of a logistics complex.

Construction is pending municipal licensing. VGP plans to start building during the latter half of 2020 with completion planned for the end of 2021.

The logistics platform will be located in the town of Dos Hermanas, a booming area to the southeast of Seville. The town is also the site of a planned new logistics platform for Amazon.

Original Story: Eje Prime – Marta Casado Pla

Adaptation/Translation: Richard D. K. Turner

Barcelona’s Incasòl Seeks to Acquire Land to Boost Logistics Sector

10 July 2019 – Richard D. K. Turner

The Institut Català del Sòl (Incasòl) and the Catalonian Department of Territories are working together to develop five new logistics platforms. The operation is an attempt to deal with tight supply in the region around Barcelona.

The public company is seeking to acquire five large plots of land around the Catalonian capital. Other areas of interest include sites along the AP-7 motorway, near Tarragona and Girona. In total, the state is looking to buy between 600,000 and 900,000 square meters of industrial land, doubling its current portfolio.

Original Story: Eje Prime

Merlin to Invest €60MM in Logistics Platform for Carrefour

10 July 2019 – Richard D. K. Turner

Merlin Properties, a socimi listed on the Ibex 35, is finalising an agreement with the French retail giant Carrefour to develop a 100,000-square-meter logistics platform in Azuqueca de Henares, Guadalajara. The socimi will invest approximately 60 million euros in the turnkey project, which will be finished by the end of 2020.

Many of the details of the operation are not yet known, as the two firms are still finalising their agreement. However, the eventual rental contract is likely to be a long-term one, at least ten years. This is because the logistics platform’s location is a part of Carrefour’s strategic plans. The site will be Carrefour’s largest in Spain. A long-term contract would also be of interest to Merlin, locking in a guaranteed income flow for a longer period. This is because the current average contract period is just three years.

Merlin will invest 50 to 60 million euros to build the warehouses. The project already has all the necessary permits, so construction is likely to wrap up before the end of 2020. Carrefour would then concentrate its Madrid-based logistics operations at that one site.

The good news for Merlin Properties comes at a time when the allocation of logistics assets fell by over 50% in Madrid compared to last year due to a lack of major operations.

Original Story: Merca2 – Carlos Lospitao

 

Delin Capital Announces Investment in Spanish Logistics Sector

29 June 2019 – Richard D. K. Turner

Delin Capital Asset Management announced that it will invest in its first real estate project in Spain. The London-based company, which specialises in the development and management of logistics assets, intends to build a logistics complex on a plot of land it acquired in Alcalá de Henares, Madrid.

Delin will build a logistics platform comprising two buildings with approximately ​​53,000 m2. The company expects to finish work on the site by the second quarter of 2020.

Original Story: Idealista

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

P3, Airbus’s New Landlord, is Preparing its Reign in Spain’s Logistics Market

10 October 2018

The socimi, which acquired GreenOak’s logistics portfolio in the country in 2017, plans to strengthen its presence in the short term in cities such as Barcelona, ​​Madrid, Zaragoza and Valencia.

P3 Logistic Parks is looking to take first place in Spain’s logistics market. The group, owned by the sovereign fund Singapore GIC Private Limited, is continuing to follow its previously disclosed growth strategy in the country and has set as one of its short-term objectives the goal to increase its presence in the Mediterranean corridor and the Central corridor, as the company explained to EjePrime.

The socimi, which started trading on the Alternative Stock Market (MAB) last December, wants to position itself as “real estate developer and real estate investor in Spain,” a market in which it has been present since 2015. To do this, the company considers it essential to acquire new logistics assets in Barcelona, ​​Málaga, Valencia, Madrid and Zaragoza.

One of P3 Logistic Parks’s most recent operations in the country was carried out near the Spanish capital, in Toledo. The company finalised an agreement yesterday with Airbus to develop a new 31,000-square-meter logistics platform in the municipality of Illescas, as EjePrime reported. The socimi plans to begin work on construction by the end of the year so that the aerospace company can move into its new facilities in the third quarter of 2019.

P3’s largest operation in Spain, however, occurred in April 2017, when it took over GreenOak’s logistics portfolio. The company acquired a set of eleven industrial warehouses spread out over different localities from the North American fund. Through the operation, the socimi added more than 400,000 square meters to its portfolio, which currently consists of a total of eighteen logistics assets.

” P3’s strategy in Spain is based on a long-term vision, since we have numerous assets in the logistics field, in consolidated locations and areas of great interest,” the company stated. The group is following the same trajectory in the rest of the European countries in which it is present: the Czech Republic, France, Germany, Italy, the Netherlands, Poland, Romania and Slovakia.

The company has more than 185 warehouses and logistics parks (totalling 4.2 million square meters), a land bank of more than 1.8 million square meters and a portfolio of 400 customers in Europe. Among the tenants of P3, apart from Airbus, there are companies such as Lamborghini, Ducati, British American Tobacco, Antalis and BSH Electrodomésticos.

Currently, Spain accounts for about 12% of the company’s total business. One of the challenges pursued by the company is to improve its presence “in the Central corridor, especially in key areas such as Madrid and Zaragoza, where there is less supply of available space, but where demand continues to be high.”

P3 Logistic Parks belongs to the P3 Group, the European parent company that controls the acquisition, lease and sale of logistics properties throughout the continent. The Spanish company, with headquarters in Madrid, was created on May 5, 2017, under the name of Chadwicks with capital from TMF Participation Corporation and TMF Participations Holdings. Today, the sovereign fund of Singapore GIC Private Limited holds the majority stake of the company.

Original Story: EjePrime – Berta Seijo

Translation: Richard Turner

Airbus to Arrive in Toledo Opening 31,000-m2 Logistics Centre in 2019

9 October 2018

The European aerospace behemoth signed an agreement with P3 Logistic Parks for the development of a new logistics space in Illescas. Construction will start at the end of 2018.

Airbus is flying into Toledo. The global aerospace behemoth will move into a new logistics centre that P3 Logistic Parks will develop in Illescas (Toledo). Construction on the project, which will have 31,280 square meters of surface area, will begin at the end of this year. The expectation is that Airbus will be able to move into its new facilities by the third quarter of 2019, P3 explained to EjePrime.

Airbus’s future logistics centre will be located in Toledo’s Plataforma Central Iberium, a 350-hectare logistics hub. Designed with the sustainable construction certificates rated BREEAM Very Good, the future centre will have sprinkler systems with their own water supply and a dedicated connection to the nearest train station.

The logistics platform that P3 will develop for Airbus will be its second in Illescas, a very attractive municipality for the logistics sector considering its location near Madrid. The socimi already has about 200,000 square meters of surface area already built or under development.

The new facility will increase the size of P3 Spain Logistic Parks’s portfolio. The socimi debuted on the Alternative Stock Market (MAB) in December of last year. The company, which has operations throughout Europe, is controlled by Singapore’s sovereign wealth fund, GIC Private Limited. In Spain, the company has 18 assets with more than 400,000 square meters of industrial area. A large part of the portfolio was acquired in April 2017, when the socimi purchased GreenOak’s Spanish logistics centres for 243 million euros.

Original Story: EjePrime – Berta Seijo

Translation: Richard Turner