Rockspring Property Investment Managers has signed an agreement with Goodman to develop a 28,760 sq m logistics facility in Sant Esteve Sesrovires, near Barcelona.
Goodman will develop the new facility, with construction to start in August and completion expected by the end of March 2017. The property will be marketed and managed by Rockspring.
The grade-A logistics facility will provide 27,400 sqm of warehouse space, featuring 32 dock doors and 1,360 sqm of modern office space. The building will offer the possibility to divide the logistics centre into four separate units to function as a multi-customer logistics centre.
Tenants will benefit from 11.8 metre free height, natural lighting throughout, rain water capturing systems, enhanced insulation and the facility is expected to attain a BREEAM Good certification on completion.
The site is located in Sant Esteve Sesrovires in Can Margarit, a new industrial estate currently under development to the west of Barcelona. It offers easy access to the AP-7 and A-2 highways connecting the site to Barcelona. The new logistics facility is only 35 km from the port of Barcelona, which handles a quarter of all foreign trade out of Spain, with three quarters of this coming from Catalonia.
“We are thrilled to have secured this prime opportunity which, once complete, will perfectly complement our two Madrid logistics parks at Torrejón and Getafe. Against a Barcelona market backdrop of strengthening occupier demand contrasted with a very limited supply of available quality stock, we believe this is an optimum point in the cycle at which to be developing and delivering to the occupational market this state-of-the-art scheme, which comes with the added benefit of Goodman’s expertise and track record. We very much look forward to working with our partner Goodman over the coming months to ensure we reach this objective.”
Source: PropertyFundsWorld