11 April 2019 – Valencia Plaza
Merlin Properties is launching a new and innovative business. The Socimi is converting the parking lots of its office buildings into logistics centres overnight, in such a way that logistics operators will be able to use them as last mile centres for organising the delivery of packages during the day.
According to Merlin’s CEO, Ismael Clemente (pictured above), his firm has already signed agreements for this initiative with firms such as Dasher, CityLog, FM Logistic and GLS.
The firm is offering its parking lot space to logistics operators that already lease properties in its logistics warehouse portfolio. In this way, it is making available the parking lots to its logistics customers between 23h and 7h30.
This initiative forms part of a wider effort that the largest Socimi in the country is making in the logistics sector, where it plans to invest €300 million in the construction of new facilities to meet the booming demand. Merlin is planning to branch out from the traditional logistics centres (Madrid, Barcelona) and invest in warehouses in new places such as Zaragoza, Valencia, País Vasco, Sevilla and Lisbon.
Original story: Valencia Plaza
Translation/Summary: Carmel Drake