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  • The British SOCIMI strengthens its position in Spain, and in particular, in the Barcelona area, and already has more than 230,000 m 2 assets built or under construction

SEGRO, the British SOCIMI specialized in the real estate, industrial and logistics sectors, increases its presence in Barcelona with the acquisition of a 28,500 m 2 logistics warehouse in Granollers. This project, once acquired and promoted by the real estate company of the ID Logistics Group, has a privileged location due to its proximity to Barcelona, just 30 km away, and its easy access to the A7 (France-Madrid) and C17.

Built in 2019, the logistics distribution center is leased to ID Logistics, an international logistics operator, specialized in sectors such as e-commerce, pharmaceuticals, cosmetics, retail , FMCG, textiles and automotive, among others, with whom SEGRO has an agreement to long term.

With this acquisition, in addition to gaining positions in Catalonia, SEGRO once again demonstrates its interest in the Vallés region due to its location and connection for distribution in southern Europe, in addition to continuing to prioritize locations close to the large city of Barcelona to create a portfolio of warehouses for high-value urban distribution and logistics. Proof of the strategic importance of this area are the high volumes of occupied space it presents.

The building is built with the highest quality standards and has a high fire prevention system. There are very few buildings around Barcelona that have this level of fire prevention with modern measures. Likewise, this project follows the latest environmental standards, 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. The platform has an APQ license for the storage of special treatment products.

Javier Echenique, General Director of ID Logistics Iberia, comments: "For ID Logistics, having a partner like SEGRO is important, since real estate solutions in our sector play a fundamental factor, and in many cases decisive."

David Alcázar, Director of SEGRO Spain comments that "the acquisition of this warehouse in Granollers, one of the main logistics markets in Barcelona, is an example of our ability to acquire facilities that are outside the market with the aim of expanding sources of income and expand our partner system with a strategic client. This operation is in line with the objective of growing the portfolio of state-of-the-art warehouses of the company in Spain, combining investment acquisitions and the promotion process."

Despite the new trends in the sector, there is still a relative lack of 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, such as the projects in Martorelles, Sant Esteve Sesrovires or Mollet del Vallés. This is due to the importance that innovation has for SEGRO and the need to constantly update its facilities in order to improve the user experience of its customers.

SEGRO is currently one of the most active players in Spain in spaces for logistics and distribution, developing both reconversion projects for industrial facilities and new construction.

About SEGRO

SEGRO is a British Real Estate Investment Company, founded in 1920, a leader in Europe in the management, promotion and development of logistics and industrial assets. Listed on the London Stock Exchange, it has been a FTSE company since 2017 and has a real estate portfolio of 6.9 million m2 for a value of GBP 10,000 million, distributed in nine of the main European countries such as France, United Kingdom , Germany, Italy, Poland, among others. It has logistics parks and transport centers of reference in Europe, located in the main distribution and transport hubs of the countries in which it is present.

Since SEGRO began its activity in Spain in 2015 with the development 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 of 49,000 m² in Castellar del Vallés (Barcelona), a second plot in Martorelles where it has built a logistics building of 20,000 m 2 and land acquired in San Fernando de Henares.

SEGRO has added other plots of land to its portfolio of assets in Getafe, Coslada and Villaverde (Madrid), Sant Esteve Sesrovires and Mollet del Vallés (Barcelona). In total, it has a portfolio in Spain of more than 400,000 m² built, and in development, on land exceeding 700,000 m 2 .

About ID LOGISTICS:

ID Logistics, chaired by Eric Hémar, is one of the main international logistics operators, with a turnover of 1,410 million euros in 2018. ID Logistics has nearly 300 facilities in 18 countries, reaching 5.5 million m 2 in warehouses spread across Europe, Latin America, Asia and Africa, with 19,000 employees. With a balanced portfolio of clients in sectors such as distribution, industry, healthcare, automotive and e-commerce, among others, ID Logistics offers technological solutions committed to sustainable development. ID Logistics is listed on Compartment B of the regulated market Euronext in Paris (ISIN Code: FR0010929125).

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