Tag: Port of Barcelona

Merlin to Invest €250M Developing 565,000 m2 of Logistics Space

6 June 2018 – Expansión

The Socimi Merlin is going to invest €250 million developing 565,000 m2 of new logistics space in Madrid, Valencia, Sevilla, Málaga, Vitoria and Lisbon over the next two years.

According to explanations provided yesterday by the company’s CEO, Ismael Clemente, the next main complex that it is going to promote will be Cabanillas 2, in Madrid, measuring 210,000 m2.

The listed company will expand its logistics presence in Spain to 1.7 million m2. Merlin currently has more than 1.1 million m2, excluding the space it owns inside the Logistics Activity Zone (ZAL) in the Port of Barcelona.

Original story: Expansión

Translation: Carmel Drake

Cilsa Buys 52,000 m2 Of Logistics Warehouses In Port Of Barcelona

12 July 2017 – Eje Prime

A logistics operation has been closed in the port of Barcelona. Cilsa, the management company of the ZAL zone at the Port of Barcelona and in which the Socimi Merlin Properties owns a stake, has agreed with the Socimi Luri 6 (formerly Santander Banif) to acquire 51,988 m2 of warehouses located in the port area for €16.4 million.

The warehouses acquired by Cilsa have an occupancy rate of 77%, in such a way that the company currently has 11,767 m2 of available space to lease. The operation will be formalised with a loan issued by the Port of Barcelona.

With these new assets, Cilsa will have 451,032 m2 of warehouses at the ZAL Port, which it leases out, as well as a Service Center office building measuring 11,250 m2.

In addition, Cilsa has granted surface area rights to clients who have constructed another 232,000 m2. Last year, the company recorded a gross operating profit of €20 million and a net profit of €5.2 million.

Original story: Eje Prime

Translation: Carmel Drake

Merlin Buys Saba’s Stake In Cilsa For €50M

23 October 2015 – Expansión

The real estate company Merlin has paid €50 million for a 32% stake in Cilsa, the company that operates the ZAL (Logistics Activity Area or ‘Zona de Actividades Logísticas’) in the Port of Barcelona. The stake was previously held by Saba, which is divesting its logistics business to focus on its core car park activity.

Original story: Expansión

Translation: Carmel Drake