Gazeley, a leading investor and developer of logistics warehouses and distribution parks, today announces that it has acquired a 42,200 SQ M site near Madrid, with plans to build a 19,000 SQ M warehouse, G-Park Pinto.
The acquisition marks Gazeley’s fourth investment in Spain since re-opening its office in Madrid last year, and will target logistics, distribution and e-commerce companies in need of a last-mile logistics hub. Construction is expected to begin in 2020.
The warehouse will be built with a highly flexible design, allowing it to be adapted to the specific needs of a future customer. It will be designed to allow for the maximum amount of storage space with a clear height of 11.7 M and a cross dock design. The building will occupy less than half of the total plot – significantly less than market standards – allowing for a wide range of uses outside of the warehouses, including increased parking.
The new warehouse will have a BREEAM Very Good certification, reflecting Gazeley’s commitment to developing sustainable spaces across Europe. It will also benefit from a number of sustainability and wellness initiatives, such as smart LED lighting.
The area is a well-known logistics hub located around 20 minutes from Madrid. It has access to the A-4 (Madrid-Córdoba) and A-42 (Madrid-Toledo) highways, the M-50 and M-45 Madrid ring roads and has direct access to R-4 (Madrid-Ocaña Toll).
Oscar Heras, Country Manager, Gazeley, said: “We are confident that this warehouse will be in high-demand given its flexibility, which will allow our customers to tailor the space to their specific requirements. Flexibility was a priority for this space as customer requirements continue to evolve and become more specific to an individual company’s needs. In addition, customers will benefit from excellent transport links and sustainable, high-quality facilities.”
Savills Aguirre Newman is advising Gazeley on leasing.