SEGRO, a leading logistics operator in Europe, acquires a new 5.3ha plot in San Fernando de Henares (Madrid)
SEGRO, the British investment fund specialized in the logistics sector, has acquired a new property in San Fernando de Henares, Madrid. The land consists of 5.3 hectares and is located 17 kilometers from Madrid, at the intersection of the A-2 and the M-50, southeast of Barajas airport.
The land acquired by SEGRO is currently leased to a Group that operates as a logistics services center for automobiles in the facilities until 2022. This operation is part of SEGRO's strategy in Spain, which includes the development of modern logistics facilities and urban buildings. for distribution with the highest levels of quality and sustainability.
With this new acquisition, 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.
“San Fernando de Henares has become a key location, where various projects will be launched in the short and medium term. This acquisition strengthens our position in Spain, at a strategic point just 17 kilometers from Madrid, and allows us to develop a logistics facility in a few years”, commented David Alcázar, Director of SEGRO Spain.
*Data extracted from a CBRE study – 2017
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 6.3 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 experienced a record year in 2016 and, according to its results for the first half of 2017, the company registered an increase in its net rental income of 3.9%. Likewise, it signed lease contracts worth 27.5 million pounds (about 30.8 million euros), 28% more than in the same period of 2016, of which 18.4 million pounds (about 20, 6 million euros) corresponded to leases signed off-plan. In the second half of 2017, the company plans to continue with a high volume of activity, placing Spain as a priority market.
Since SEGRO began its activity in Spain in 2015 with the acquisition of a logistics center in Martorelles (Barcelona) and which is currently leased to one of the largest e-commerce companies, the firm has acquired a logistics park of 16,000 m² in Coslada (Madrid), another 50,000 m² in Castellar del Vallés (Barcelona), a second plot in Martorelles where the construction of a 20,000m² logistics building will begin this year, and the new land recently acquired in San Fernando de Henares. SEGRO has a portfolio of five assets totaling 120,000 m² built or under development in strategic locations around Barcelona and Madrid.