Axiare Acquires 2nd Phase Of Logistics Project In San Fernando De Henares

3 July 2017 – Observatorio Inmobiliario

Axiare Patrimonio has completed the acquisition of the second phase of its logistics park in San Fernando de Henares (Madrid) after having pre-leased a significant part of the first phase, which it acquired just one year ago.

This latest acquisition represents the culmination of a pre-agreement reached in 2016, during the purchase of the first phase of the project, for which the Socimi reserved the right to develop a second, turn-key, phase.

The CEO of Axiare Patrimonio, Luis López de Herrera-Oria, stated that “this operation shows once again our capacity to act outside of the market, acquiring assets with great potential in complex operations. We continue to faithfully fulfil our business plan, with the ultimate objective of maximising value for our shareholders”.

The Socimi has invested €38 million in the acquisition of this second phase. This new investment will add two new logistics warehouses, with a gross leasable area of 60,000 m2, to the three already planned for the first phase of the project, all integrated within the same logistics complex. The handover of this second turnkey phase is scheduled for the second half of 2018.

In total, Axiare Patrimonio will invest €81 million in the development of the two phases of this logistics park, which is located in the first ring of Madrid, in the best area of the Corredor de Henares. It is one of the most important logistics centres in the country, located just 10km from the airport and 18km from the city centre. High-profile first-rate tenants, such as Amazon, TNT and XPO, also have their logistics centres close to this site.

The technical specifications of the new warehouses will be identical to those constructed during the first phase, which means that they will be high-quality facilities, with LEED environmental certificates.

With this off-market operation, Axiare Patrimonio has invested €195 million in the acquisition of five properties in line with its investment strategy.

The project will be developed by Grupo Barral, a company specialising in the logistics sector.

Original story: Observatorio Inmobiliario

Translation: Carmel Drake

Axiare Leases 2 Industrial Warehouses In Madrid To Transaher

16 May 2017 – Inmodiario

Axiare Patrimonio Socimi SA has leased a total surface area of 42,000 m2 to the company Transaher. This is the first turnkey project measuring more than 30,000 m2 to have been constructed in the first (logistics) ring of Madrid since 2010.

Cushman & Wakefield, the global leader in real estate services, has advised the Socimi on this operation, which includes a logistics warehouse measuring 26,500 m2 and a cross-docking building covering 16,300 m2. The latter will also include a surface area for office use, where Transaher will establish its main headquarters.

Both buildings will be constructed with Class A specifications for logistics operators and will have a Gold LEED certification.

“We think that this is a very important operation for the owner of the project, because it has managed to close a turnkey operation spanning more than 40,000 m2, as well as for the tenant, which is going to have some new flagsgip facilities, with very high-quality standards. In this sense, the efficiency of the project will be maximised”, explained Guillermo García-Almuzara Rodríguez, Director of Logistics & Industrial at Cushman & Wakefield Spain.

“Transaher is a logistics company that is continuously expanding and through this project, we will boost our two business lines: Transport in the cross-docking building, and Logistics. By having two buildings in the same park, we will be able to strengthen the Same-day and home-delivery services to Logistics clients, as well as significantly extend the cut-off times for warehouse orders, by increasing the synergy with transport. Moreover, the location is exceptional in terms of connections, which will positively influence distribution”, said Mª Luz Cobos, Director General of the Transaher Group.

Completion in 2018

The development of Axiare’s logistics park in San Fernando de Henares spans more than 70,000 m2, of which 60% is already leased. The park is home to another logistics building, measuring 28,000 m2, which is configured to deal with demand for spaces of 5,000 m2 upwards. Completion of the warehouses is scheduled for H1 2018.

“We think that the San Fernando park is going to be a role model, both in terms of the quality and versatility of the building, as well as its magnificent location and environmental features, given that it will benefit from a Gold LEED energy rating”, added García-Almuzara.

Original story: Inmodiario

Translation: Carmel Drake

Prologis Invests €11M In A Logistics Project In Madrid

20 February 2017 – Expansión

Prologis, the world leader in real estate assets, has decided to launch two logistics projects in Spain. “Our most recent project involved a 14,000 m2 distribution warehouse, which we built for TNT in the Puerta de Madrid industrial estate in San Fernando de Henares. That was completed in 2015. Prior to that, our next most recent development was initiated at the beginning of 2008”, explains Gustavo Cardozo, Senior Vice President at Prologis Iberia.

Now, Prologis has decided to launch a 23,000 m2 industrial complex in Valencia, which it initiated at the end of 2016, and it is also starting a new 21,000 m2 development in Madrid.

The latter is a logistics building in Prologis Park San Fernando de Henares, a 90,000 m2 industrial complex that Prologis started to develop a year and a half ago, with urbanisation and infrastructure works.

Prologis will invest €11 million in the new building in Madrid, including the cost of buying the land. “The logistics market in Madrid lacks modern and efficient warehouses in the metropolitan area and we think that demand for large spaces is going to grow over the next few months”.

Prologis Spain owns 38 logistics properties covering more than 800,000 m2.

Original story: Expansión (by Rocío Ruiz)

Translation: Carmel Drake

Amazon To Double The Size Of Its Logistics Centre In Madrid

19 November 2015 – Expansión

The US giant Amazon is going to double the surface area of its logistics centre in San Fernando de Henares, Madrid, to 75,000 m2.

Today, Amazon will begin construction of a new warehouse measuring more then 45,000 m2 in San Fernando de Henares, Madrid, adjacent to its current logistics facilities at the site. (…).

The new centre, which will serve customers all over Europe, will begin shipping orders in Q2 2016. (…).

The centre currently occupies a surface area of 32,000 m2, although its storage capacity amounts to 70,000 m2, thanks to the construction of towers that have allowed it to optimise the space. The last of these towers, which added an additional 12,000 m2 of space, was constructed to support Amazon’s entry into the food and cleaning sector this autumn. (…).

Warehouse in Barcelona

Amazon’s logistics capacity in Spain may be further extended with the construction of a warehouse in Barcelona, which will also serve customers all over Europe, especially in the South of the continent. The electronic retail company has submitted a non-binding offer, amounting to €30 million plus IVA, for a site measuring 150,808 m2 in the Mas Blau II industrial estate, in El Prat, which currently belongs to Institut Català del Sòl (Incasòl).

Original story: Expansión (by M. Prieto)

Translation: Carmel Drake