SEGRO consolidates and expands its logistics park in Martorelles (Barcelona) to 54,000 m2
The British real estate investment fund specialized in the logistics real estate sector has signed the lease of 34,100 m2 of its SEGRO Logistics Park Martorelles to a giant in the e-commerce sector.
- Likewise, it has acquired a new adjacent plot of three hectares to build an additional 20,000 m2.
- SEGRO thus reinforces its commitment to Spain and positions itself as one of the main investors in the Spanish logistics market, where it already has a portfolio of 120,000 m2.
SEGRO, the British investment fund specialized in the logistics real estate sector, has consolidated and expanded its SEGRO Logistics Park Martorelles - its first promotion in Spain - achieving two important milestones.
On the one hand, SEGRO has leased the entire project to one of the giants in the e-commerce sector, whose first phase has recently been completed and comprises 17,300 m2. The second phase of this project, which includes another 16,800 m², is currently under development and will be completed over the next 6 months. The entire 34,100 m2 facility is expected to be operational in the fall of 2017.
On the other hand, SEGRO has announced the acquisition of a three-hectare plot located in the same industrial area of Can Roca, in Martorelles. The company will allocate this land to the development of another 20,000 square meters for logistics storage.
“Having managed to attract a first-rate international tenant in the first SEGRO development in Spain, which is a reward for what has been the first logistics project at risk in the Spanish market that has been carried out in recent years, developed in an area where demand is high and supply is very limited” commented David Alcázar, Director of SEGRO Spain. In his opinion, the acquisition of the plot will allow the firm to consolidate its project and create a critical mass in this strategic area of Barcelona, making Martorelles a key part of SEGRO's portfolio in Spain.
"From Martorelles we are very satisfied with the implantation of SEGRO in our industrial estate since in this way it repositions it on the map as one of the main industrial estates of the urban conurbation of Barcelona" - Marc Candela i Callado, mayor of Martorelles.
The park is strategically located at the northern entrance to Barcelona, close to the A7 motorway and only 15 km from the city centre. The project has been designed and built as a first-class logistics facility, with loading capacity on both sides and a high degree of flexibility of use. Likewise, the complex has the highest standards of sustainability and efficiency, having obtained the BREEAM “Very Good” certification.
With the consolidation of this great project, SEGRO reinforces its presence in the Spanish market, where it has positioned itself as one of the main investors and promoters of the logistics sector in our country. Since it began its activity in Spain in September 2015, the firm has acquired a 16,000 m2 logistics park in Coslada (Madrid) in March 2016, another 50,000 m2 in Castellar del Vallés in September last year, and the new plot of three hectares recently acquired in Martorelles. In total, SEGRO has a portfolio of 120,000 m2 built or under development in Spain.
SEGRO is a British Listed Real Estate Investment Company (Socimi), a leader in Europe in the management, promotion and development of logistics and industrial assets. SEGRO owns or manages a real estate portfolio of 6.4 million m2, with a market value of 8,000 million pounds sterling, serving different clients in the logistics and industrial sectors. Its parks are located in the main storage, distribution and transport hubs of the countries in which it is present. It has logistics parks and reference transport centers in the United Kingdom and nine European countries.
SEGRO had a record year in 2016, adding 422,000 m2 of new assets to its global portfolio. According to its annual results, presented in February 2017, the company registered an increase in its net rental income of 4%. Likewise, it signed lease contracts worth 45 million pounds (about 53 million euros), 14% more than in 2015, of which 23 million pounds (about 27 million euros) corresponded to off-plan leases. In 2017, the company plans to continue with a high volume of activity, placing Spain as a priority market.
In Spain, SEGRO is focused on acquiring and developing a high-quality portfolio of warehouses for distribution and urban logistics in prime locations around Madrid and Barcelona. The current portfolio has a total of 120,000 square meters, including the buildings that are under construction.