Realterm Enters Spain with the Purchase of a Logistics Warehouse in Barcelona

Realterm Logistics, a US investment group specialising in logistics properties in the United States, Canada and India, has arrived in Spain with the acquisition of its first warehouse in the town of Palau de Plegamans (Barcelona).

Realterm Logistics, a US investment group specialising in logistics properties in the United States, Canada and India, has arrived in Spain with the acquisition of its first warehouse in the town of Palau de Plegamans (Barcelona). The operation, advised by Savills Aguirre Newman, demonstrates the strength of the Catalan logistics market despite the current health crisis generated by Covid-19.

The property is a cross-dock logistics warehouse with a constructed surface area of ​​6,578 square metres on a plot measuring 14,160 square metres. It is located in one of the most strategic municipalities for the distribution sector due to its excellent communications including the airport (43 km) and the port of Barcelona (30 km) and connections with the city, which is just 25 minutes away. The warehouse is currently occupied by a transport company.

Gazeley Finalises the Construction of a Warehouse Spanning 37,000 sqm in Toledo

The G-Park Illescas platform has been designed to accommodate the activity of logistics, e-commerce and distribution companies.

The property developer Gazeley has completed the construction of a 37,000-square-metre industrial warehouse in Illescas (Toledo), which is available for immediate occupation. The G-Park Illescas platform has been designed to house the activity of logistics, e-commerce and distribution companies.

The platform has a free height of 11.7 meters and motion sensors that allow for the remote control of the building. The warehouse also has more than 250 private parking spaces for cars and 20 spaces for trucks. The Director of Gazeley Spain, Oscar Heras, said: “We have made significant progress with the expansion of our portfolio in order to meet the growing demand from logistics customers.”

Gazeley Acquires 42,200 sqm Site in Pinto (Madrid)

7 January 2020 – Gazeley.com

Gazeley, a leading investor and developer of logistics warehouses and distribution parks, today announces that it has acquired a 42,200 sqm site near Madrid, with plans to build a 19,000 sqm warehouse, G-Park Pinto.

The acquisition represents Gazeley’s fourth investment in Spain since re-opening its office in Madrid last year, and will target logistics, distribution and e-commerce companies in need of a last-mile logistics hub. Construction is expected to begin in 2020.

The warehouse will be built with a highly flexible design, allowing it to be adapted to the specific needs of a future customer. It will also have a BREEAM Very Good certification, reflecting Gazeley’s commitment to developing sustainable spaces across Europe, and smart LED lighting.

The area is a well-known logistics hub located around 20 minutes from Madrid. It has access to the A-4 (Madrid-Córdoba) and A-42 (Madrid-Toledo) highways, the M-50 and M-45 Madrid ring roads and has direct access to R-4 (Madrid-Ocaña Toll).

Savills Aguirre Newman is advising Gazeley on leasing.

Original story: Gazeley.com 

Translation/Summary: Carmel Drake

Palm Logistics Develops a 115,000m2 Logistics Hub in Getafe (Madrid)

27 March 2019 – Press Release

Palm Logistics, the dedicated affiliate of Palm Capital, the pan-European real estate private equity specialist, is set to deliver a large logistics hub in Madrid, to meet the pent-up demand for modern logistics in the capital and respond to the rapid growth of e-commerce and supply chain rationalisation across Europe.

The site, covering more than 115,000 m2 across 10 grade-A logistics buildings, will provide the best ‘last mile delivery’ option to Madrid while being easily accessible to the rest of Spain and across Europe.

The first phase, due to complete this summer, comprises a 33,000m2 leasable area across two buildings with the ability to offer modules from 7,000m2 to 20,000m2.  The buildings will be certified LEED Silver, having been built to the highest quality standard with key sustainability considerations in mind.

Gavilanes is located close to main roads, the airport and the Abroñigal intermodal station with its large roads and roundabouts adapted to the traffic of heavy vehicles.  The site is already home to several first-class international companies including Amazon, Decathlon, Costco, Mercadona, and ID Logistics.

Original story: Press Release

Edited by: Carmel Drake

General Càrnia Invests €20M to Build a 11,000m2 Warehouse in Barcelona

21 March 2019 – Eje Prime

The meat retailer General Càrnia is investing €20 million in the construction of a building measuring 11,000 m2 on a plot that occupies the site of the former Makro store. The warehouse will be ready by the summer of 2020.

Mercabarna awarded the 20,500 m2 plot to General Càrnia for €4.7 million in 2017. The company has the right to operate the site for 20 years in exchange for the payment of an annual rental.

Original story: Eje Prime 

Translation: Carmel Drake

Mercadona is Awarded a 30,220 m2 Plot in Sevilla for €10.8M

20 March 2019 – Diario de Sevilla

The Town Hall of Sevilla has awarded a plot of land spanning 30,220 m2, with a buildability of 38,580 m2, in the Higuerón Sur area of the city, to Mercadona for €10.8 million.

The supermarket company is planning to build a warehouse on the site to serve its online shopping service in Sevilla and the surrounding area. Construction work is expected to begin in 2020.

Mercadona already has a similar kind of centre, which it calls a “hive” in the city of Valencia. Moreover, it plans to open two new hives in 2019, in Barcelona and Madrid.

Original story: Diario de Sevilla (by Alberto Grimaldi)

Translation: Carmel Drake

GreenOak Sells a Warehouse in Valdemoro for €9.75M

18 March 2019 – Eje Prime

Gore Spain, the Socimi owned by the US fund GreenOak, has sold a warehouse located at number 208 Avenida Andalucía in Valdemoro (Madrid) for €9.75 million, according to reports made by the company to the Alternative Investment Market (MAB).

The warehouse has a leasable surface area of 24,449 m2, comprises two above-ground floors and is located just 27 km from the centre of the Spanish capital.

The asset has been vacant since July 2016 and owned by Gore Spain since February 2017, which purchased it from Goodman. The identity of the buyer on this occasion has not been revealed.

Original story: Eje Prime (by Roger Arnau)

Translation/Summary: Carmel Drake

Amazon to Open its Largest Logistics Warehouse in Dos Hermanas

1 March 2019 – ABC Sevilla

Amazon is going to open its largest distribution centre in Spain in the Megapark business park in Dos Hermanas (Sevilla) to become the park’s first tenant. The new mega-warehouse will have a constructed surface area of around 190,000 m2 on a plot spanning 165,000 m2 and is expected to be operational from 2021.

The e-commerce giant has been searching for a suitable facility for months and has opted for Megapark in the end due to its excellent road network and proximity to the Port of Sevilla, where it will open a new logistics station.

The plot of land and the future warehouse will both be owned by the investment fund Goodman Real Estate Spain, with which Amazon is expected to sign a lease contract within the coming days.

One of the benefits of the location in Sevilla is the availability of the port, which means that Amazon will be able to offer a more comprehensive delivery service to the Canary Islands by boat.

The business park is located opposite the La Isla industrial estate, between the A-4 motorway towards Cádiz and the future SE-40 ring-road.

Original story: ABC Sevilla (by Elena Martos)

Summary/Translation: Carmel Drake

Prologis Buys a 16,758m2 Warehouse from Merlin

6 February 2019 – Expansión

Prologis has purchased a warehouse measuring 16,578 m2 located in the La Granada del Penedès logistics park (Barcelona) from the Socimi Merlin. Following the operation, the company Prologis is now the sole owner of 100% of the logistics park.

Original story: Expansión

Translation: Carmel Drake

Segro Buys a 28,500 m2 Warehouse in Granollers

29 January 2019 – Eje Prime

Segro is continuing to grow its logistics portfolio in the Spanish market. The British Socimi has acquired a distribution centre measuring 28,500 m2 in Granollers (Barcelona), leased to the logistics operator ID Logistics, with which Segro has a long-term agreement.

The asset was constructed in 2019 and is located thirty kilometres from Barcelona, with easy access to the A7 and C17 motorways. The group has highlighted “the location and access of the asset for distribution across the south of Europe”.

The company, founded in 1920, entered Spain in 2015 with the development of a logistics centre in Martorelles (Barcelona). Since then, Segro has purchased a 16,000 m2 logistics park in Coslada (Madrid), another 49,000 m2 site in Castellar del Vallès (Barcelona), a second plot in Martorelles, where it is constructing an asset spanning 20,000 m2, and a plot in San Fernando de Henares.

Segro has also added other plots in Getafe (Madrid), Sant Esteve Sesrovires (Barcelona), Mollet del Vallès (Barcelona) to its portfolio, as well as a second building in Coslada (Madrid), and Villaverde (Madrid). In total, the firm has a portfolio spanning 400,000 m2 of constructed space in Spain and another 70,000 m2 under construction.

Original story: Eje Prime 

Translation: Carmel Drake