Eurofund Logistics Capital Partners "ELCP" acquires a 130,000 sq. m (1,400,000 sq. ft) site in Madrid’s prime A2 Henares Corridor, to develop a new logistics facility.
Madrid, October 2018, Eurofund Logistics Capital Partners (“ELCP”) announces a major new site acquisition of a 130,000 sq. m (1,400,000 sq. ft) in Torija, Guadalajara, Madrid.
Located along the well known Henares Corridor, with direct access to the A2 motorway, the primary logistics route between Madrid and Barcelona, it is only a 30-minute drive from Madrid International Airport, and 45 minutes to Madrid City Centre.
ELCP will have the ability to develop an 80,000 sq. m (860,000 sq. ft) grade A logistics facility.
The site is in a well established logistics park, with occupiers such as Leroy Merlin, Primark and Bridgestone nearby.
James Markby, Managing Director, commented, “This is a landmark site acquisition as it is one of the very few “ready to go” sites with the capability to accommodate a new building of this size. It allows ELCP to offer clients a material rental discount for large-scale, build-to-suit, logistics project serving Spain and in particular, Madrid.”
Given ELCP´s relationships with large e-commerce retailers and Eurofund´s experience with physical retailers, ELCP is expected to launch the marketing and commercialisation process immediately.
Cushman and Wakefield have been the advisory firm acting on ELCP’s behalf. Evergreen were the legal advisor. The leasing agency mandate is still to be confirmed.
About Eurofund Logistics Capital Partners
Eurofund LCP joint venture was set up in February 2017 between Eurofund Capital Partners (affiliate of Eurofund Group – one of the largest shopping centre developers, managers and investors in Spain) and Logistics Capital Partners, a pan-European Developer and Asset Manager specialized in logistics real estate, with offices in the UK, Italy, Netherlands, Belgium, Spain and Luxembourg; LCP is known for its market leading logistics real estate capabilities, and currently has planned construction starts of over 650,000 sq. m, and manages 775,000 sq. m of logistics warehouses.
The primary focus of the JV is to combine Eurofund’s local market knowledge, access to technical teams and established relationships with local authorities and retailers with LCP’s expertise in logistics real estate development, asset management and occupier competence to deliver new logistics and warehouse facilities in Spain and Portugal.
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