SEUR Logística to Unify its Madrid Warehouses into a New Centre in Illescas

11 January 2019 – Inmodiario

SEUR Logística, the SEUR business unit dedicated to offering integral logistics and transport solutions, is going to consolidate its warehouses in the Community of Madrid into a new facility in Illescas.

Goodman, one of the leading companies in the world in industrial properties, will begin construction of the new 36,000 m2 centre in March 2019. The site is expected to be operational from the beginning of 2020, allowing the company to expand its storage capacity and improve the efficiency of its operations in Madrid.

The new warehouse will be constructed in accordance with strict sustainability criteria and will incorporate new charging points for SEUR’s electric vehicle fleet.

The launch of the new warehouse in Illescas will involve the unification of SEUR’s existing logistics operations at its centres in Getafe (15,000 m2) and Alcalá de Henares (almost 12,000 m2). The new centre will house 200 workers and will contain 1,600 m2 of space dedicated to offices and rest areas for employees (…).

Original story: Inmodiario 

Translation: Carmel Drake

Ribarroja’s Logistics Stock Grows by 13,200m2

16 May 2018 – Eje Prime

The logistics market is continuing to grow in Valencia. The stock in the Ribarroja logistics area has grown with the incorporation of a new platform measuring 13,200 m2 built at risk. The plot where the warehouse is located, which is owned by a family office, has a surface area of 18,400 m2.

TPF Consultora has contributed to the project by performing both the market study and the conceptualisation of the product. It also prepared the marketing material and rental price for the property, according to Valencia News. On the other hand, Aspor signed off the plans and managed the construction work.

The constructed product is a logistics platform divisible into three modules with storage space of approximately 4,200 m2 each, and a ratio of loading docks that has been adapted to logistics use and the manoeuvre yard.

Original story: Eje Prime

Translation: Carmel Drake

Dachser Inaugurates New Warehouses Spanning 28,000m2 in Zaragoza & Logroño

10 April 2018 – Eje Prime

Dachser is expanding its warehouse space in Spain. The German logistics operator is strengthening its presence in the country with the development of 28,000 m2 of space for the provision of logistics services in Zaragoza and Logroño.

In the Aragonese capital, the company has expanded its volume of storage space in the city by 26,600 m2 with three new warehouses. Two of them are located on the Malpica Industrial Estate and the other one is located on the Plaza Industrial Estate.

Meanwhile, on the Las Cañas Industrial Estate in Logroño, Dachser has doubled the surface area that it has there for transport and has tripled its parcel processing capacity. With these two new operations, the company now manages more than 70,000 m2 of logistics space in the regions of La Rioja, Aragón and Navarra.

Currently, the group has 87 local offices in Spain and  Portugal, as well as 363 own centres distributed across 24 countries all over Europe.

Original story: Eje Prime

Translation: Carmel Drake

Segro Buys Factory in Mollet del Vallès to Convert into Logistics Hub

5 February 2018 – Press Release

Segro, the British investment fund specialising in the real estate-logistics sector, has acquired a 7-hectare plot in Mollet del Vallès (Barcelona). The site has a privileged location with immediate access to the A-7 (France-Madrid) and the C17, which leads directly to Barcelona, 21km away.

The property is going to be remodelled to provide space (40,000 m2) for urban storage and logistics, and is suitable for a single occupant but could be subdivided into units measuring 6,000 m2 – 7,000 m2. The construction work will begin during the course of 2019.

This acquisition comes soon after Segro’s recent acquisitions in Getafe (Madrid) and Sant Esteve Sesrovires (Barcelona) and further strengthens the firm’s growing presence in Spain, where it now owns nine assets in Madrid and Barcelona.

David Alcázar, Director of Segro Spain adds: “Our priority in Spain, like in other places, is to build modern, high-quality assets, not focusing exclusively on quantity. For that reason, we only choose strategic locations in the most dynamic regions of Spain. Our objective is to create and build innovative, high-quality warehouses for our clients, constructing environmentally responsible Class A buildings for urban distribution and logistics”.

Segro has also been holding conversations with the Town Hall of Mollet del Vallès and the municipal government has expressed its willingness to collaborate in new business ventures such as this one involving Segro, which as the mayor of Mollet, Josep Monràs, confirms “may generate work and offer opportunities to the citizens of Mollet del Vallès”.

Segro focuses on the investment and development of buildings with a long-term perspective, helping to attract business and activity in strategic areas, through its clients that are installed on its sites. It also specialises in the reconversion of industrial opportunities, thanks to its extensive experience in Europe.

About Segro

Segro is a listed British real estate investment company (Socimi) and a market leader in Europe in the management, promotion and construction of logistics and industrial assets. Segro owns and manages a portfolio of properties spanning 6.3 million m2, with a market value of GBP 8.0 billion, offering services to various clients in the logistics and industrial sector. Its parks are located in the main distribution and transport hubs of the countries in which it has a presence. It owns some of the leading logistics parks and transport centres in Europe (…).

Original story: Press Release

Translation: Carmel Drake

Inbisa Completes Expansion of Dr. Schär Plant in Zaragoza

31 January 2018 – Eje Prime

Inbisa is fattening up its portfolio of projects for the food industry. The Basque construction group has completed a 5,000 m2 expansion of the Dr. Schär plant in Zaragoza. It has invested €3 million in the project in total over the different phases of construction.

The work to renovate the complex, located on the ‘La Ciruela’ Industrial Estate, in the town of Alagón, has taken 17 months. The total investment undertaken by the European company, which specialises in the manufacture of gluten-free food, in this industrial project has amounted to €12 million.

The expansion of the Dr. Schär factory has involved increasing the surface area of the plant by 2,600 m2 to allow the multinational firm to install a new bread production line, as well as the renovation of an adjoining warehouse, measuring 2,400 m2, for the storage of finished products.

Following the renovation of the industrial complex, the facilities have seen an increase in their constructed surface area to 10,550 m2, on an urbanised plot measuring 13,500 m2.

With this project, Inbisa is strengthening its portfolio of developments in the agri-food industrial segment, in which it has previously undertaken construction projects with the company Ogimahaia, in Salvatierra (Álava), and with Panusa, in Astillero (Cantabria).

Original story: Eje Prime

Translation: Carmel Drake

‘Area Industrial & Logistics’ to Build New Industrial Warehouse for Endutex Ibérica

12 December 2017 – Cadena de Suministro

Area Industrial & Logistics will be the property developer responsible for constructing the new headquarters of the Portuguese company Endutex Ibérica under the “turnkey” modality. The building is going to be constructed on a land with a surface area of 6,410 m2 in the SUP I-3 Sector “Puerta de Madrid” located in the town of San Fernando de Henares.

This plot is the result of the segregation that the property developer carried out of a larger block measuring 26,387 m2, on which Area has already successfully built one turnkey project involving a 7,500 m2 cross docking warehouse for XPO Logistics. With this operation, the property developer company Area Industrial & Logistics will manage to complete the total development of the aforementioned block, which has a combined land surface area of 26,378 m2 and a total constructed surface area of 11,622 m2.

The future headquarters of the company Endutex Ibérica will comprise a total warehouse surface area of 3,507 m2, used for storing supports for digital printing and the manufacturing of tarpaulins, the Portuguese company’s main activity. Similarly, it will have an office measuring 615 m2, spread over 3 floors, which will feature a ground floor space measuring 115 m2 that Endutex will use as a showroom for the display and sale of its products to customers.

The total approximate investment in this new turnkey project contracted by Area Industrial & Logistics is €3.4 million and construction is expected to be completed by the first quarter of 2019.

Original story: Cadena de Suministro

Translation: Carmel Drake

Inv’t In Industrial & Logistics Land In Valencia Already Exceeds 2016 Total

30 October 2017 – El Economista

Demand for industrial and logistics land is growing fast in the province of Valencia. Sale and purchase operations involving this type of land have already exceeded the total volume of space (in square metres) sold during 2016 as a whole, by 30% at least, when operations spanning 585,000 m2 of space were signed – 130% more than during the previous year.

Information from specialist consultants and other data provided by public managers indicates that more than 750,000 m2 of land has been acquired, with a significant percentage of the operations being closed in Ribaroja, Cheste and Sagunto –almost half of the square metres purchased are located in Parc Sagunt, which has experienced a boom since the arrival, in December, of Mercadona, which plans to construct its largest logistics platform there (…).

This increase in demand comes in response to a combination of factors, including: the consolidation of the economic recovery, supported both by internal demand and the export of products and services, which has boosted projects to expand production capacity and storage by industrial groups; the positive outlook for the next few years; improvements in terms of the access to and conditions of financing; projects to improve the communications network – above all, the railways; the growing interest from investors – corporate and institutional, in particular – looking for options to generate higher returns than those found in the financial and securities markets; and the growing demand for modern, high-quality, large assets, in good locations, which have been underserved in recent years due to the total stoppage of new development projects in this field, as a result of the economic crisis (…).

Aguirre Newman adds another element that has benefitted the Valencian market: “The shortage of supply in the main markets in Spain – Madrid and Barcelona – has boosted interest in secondary markets, in particular, in Zaragoza, Valencia and Sevilla”. And this trend could be reinforced in the coming months due to the instability in Cataluña, which is leading to the departure of companies and the suspension of investments.

This confluence of factors has contributed to an increase in the presence of investment funds, Socimis and specialist property developers as the main players participating in sale and purchase operations, above all in the last year and a half (…).

In terms of rental prices, in the prime areas of Valencia, maximums amount to €4.25/m2/month in the Centre Axis of Ribaroja, whilst in the Southern Axis (…), rents have stabilised at €4/m2/month.

In terms of the profitability of logistics rental spaces, whilst in Madrid and Barcelona, yields amount to between 5% and 6%, in the areas with the highest demand in the Community of Madrid, they range between 7% and 9%, according to the consultants (…).

Meanwhile, the Port Authority of Valencia (APV) expects that the Logistics Activity Area (ZAL) will become operational during the first half of 2018, after two decades of delays (…).

Original story: El Economista (by Olivia Fontanillo)

Translation: Carmel Drake

Elektro3 Opens State-Of-The-Art Logistics Centre In Tarragona

13 October 2017 – Mis Naves

Elektro3 is opening a new logistics centre in Vilaseca-Salou with a total surface area of 15,500 m2, of which 8,000 m2 is going to be used exclusively as a warehouse. The centre currently has capacity for 14,000 pallets and 12,500 bins.

The company, whose main operations involve the import and distribution of hardware products, is continuing its expansion process. The main improvements are expected in the storage, preparation and shipment of orders with refurbished industrial machinery and a new rail guidance system.

In turn, the centre has seven loading bays, which allows it to receive and ship all of the company’s products anywhere on the peninsula within 24 hours.

With these new facilities, Elektro3 is expected to be able to reach its objective of managing 8,500 product references, thanks to the implementation of a specialist framework of warehouse management systems. Also, a new 600 m2 showroom has been created inside the new platform, with an area specialising in the display of all products relating to lighting.

Original story: Mis Naves

Translation: Carmel Drake

Inditex Invests €57M In New Logistics Platform In A Coruña

1 June 2017 – Expansión

The Inditex Group is going to invest €57 million on the construction of a logistics platform for the receipt, storage and classification of textiles and accessories in A Laracha (A Coruña). The new site will work in a “totally integrated” way with the Group’s existing logistics platform in Arteixo.

Original story: Expansión

Translation: Carmel Drake

Segro Expands Its Logistics Park In Martorelles

27 April 2017 – Eje Prime

Segro is fuelling its business in Spain. The British investment fund, which specialises in the real estate-logistics sector, has expanded its logistics park in Martorelles, its first development in Spain, to 54,000 m2, according to a statement published by the company.

Segro’s tenant for the majority of the plant will be Amazon, which will occupy 34,000 m2, according to the group. Segro has announced the acquisition of a plot of three hectares, located in the same industrial area of Can Roca, in Martorelles. The company will allocate that land to the development of another 20,000 m2 for logistics warehouses.

The park is strategically located by the northern entrance to Barcelona, close to the A-7 motorway and just 15km away from the city centre. The project has been designed and constructed as a logistics facility, with loading capacity on both sides, and a high degree of flexibility in terms of its uses.

Since Segro began its activity in Spain in September 2015, it has acquired a logistics park measuring 16,000 m2 in Coslada (Madrid), in March 2016, another space spanning 50,000 m2 in Castellar del Vallès in September last year, and the new plot that it has recently acquired in Martorelles. In total, Segro’s portfolio contains 120,000 m2 of land (…) in Spain.

Original story: Eje Prime

Translation: Carmel Drake