SEGRO reinforces its commitment to urban distribution in Madrid with the development of 44,500 m²
SEGRO has acquired two pieces of industrial land for the development of a 33,500 m² urban distribution center in Villaverde
- SEGRO has also acquired an 11,000 m² facility in Coslada, an optimal location to respond to the challenges of last-mile distribution
- Due to the rise of e-commerce and the consequent changes in consumption habits, the logistics system must adapt to the constant demand of the consumer
SEGRO, the British SOCIMI specializing in the industrial and logistics real estate sector, increases its presence in Madrid with the development of new facilities for urban distribution on two recently acquired industrial land plots.
On the one hand, SEGRO has announced that it is going to develop a 33,500 m² urban distribution center in the Villaverde district , south of Madrid, in a privileged location due to its proximity to the city center (8 km and 15 minutes by car). car). Its location is ideal for solving the challenges of the last mile, due to its easy access to several orbital motorways such as the M30, M40 and M45, as well as the A4 and A42 radial motorways.
In recent years, the Villaverde district has established itself as a logistically strategic area that is already home to large multinational companies such as Telefónica, Repsol and Air Liquide. This is reinforced by the City Council's commitment to the economic development of this area with its remodeling.
“ We are firmly committed to the introduction of technology-based logistics in Villaverde, which for SEGRO is an opportunity to support economic development hand in hand with the Madrid City Council. We believe in the potential of the south to host new generation activities that are compatible with the urban fabric of Villaverde. A bet that will promote highly qualified employment and a rationalization of logistics and, with it, lower levels of congestion in the area. ”, comments David Alcázar, Director of SEGRO Spain.
On the other hand, SEGRO has acquired a two-hectare plot of land in Coslada for the development of a warehouse dedicated to urban distribution of 11,000 m², located just 20 minutes from the center of the city of Madrid and very well connected to several nearby highways. , such as the A2, M21, M50 and M40 and Barajas International Airport. In addition, it is strategically located just 800 meters from the business park that SEGRO already has in Coslada, an area that is currently in full expansion.
Due to the rise of e-commerce and the consequent changes in consumer habits, the logistics system must adapt to the constant demand of consumers who want to receive their purchases in less than 24 hours. This also implies that the traditional supply chain, from the warehouse to the store and from there to the consumer, has been losing strength in the face of a new model in which the product goes directly from the warehouse to the consumer.
Despite these new trends, there is still a relative lack of good quality facilities in the main cities, where there is a greater activity linked to e-commerce. For this reason, SEGRO is reinforcing its position in the Madrid and Barcelona areas with a growing portfolio of projects built or under construction for national and urban distribution: it currently has 100,000 m² of logistics buildings under construction in Getafe (Madrid) and Martorelles and Sant Esteve Sesrovires (Barcelona).
These new projects will be built following the latest environmental standards and with the aim of obtaining the BREEAM "Very Good" certificate, in line with SEGRO's strategy of developing modern Class A quality, flexible and sustainable buildings.
Alcázar affirms that “with these new acquisitions we want to increase our presence in Spain by betting on urban logistics in Madrid. Undoubtedly, there is a need to develop new logistics centers that respond to this increase in demand generated, in large part, by e-commerce, and which requires quality, flexible and modern buildings, located in strategic enclaves near the center of the city, thus allowing municipalities to build new, more modern distribution centers and promote the economic development of the area.”
CBRE has been the real estate consultant that has advised SEGRO in the acquisition of the Villaverde land.
SEGRO is currently one of the most active property owners in Spain of spaces for logistics and distribution, developing both reconversion projects for industrial facilities and new construction.