This new development marks Gazeley’s first investment in the Valencia area, and its fifth project in Spain since re-opening its office in Madrid in 2018. The development is targeted at companies in need of a distribution hub in Southern Europe, as it benefits from excellent transport connections across Europe.

The development is intended to comprise three warehouses of 28,000 SQ M, 26,000 SQ M and 26,000 SQ M – all of which will be built-to-suit. The project will focus on having flexibility in design and measurements, which can be tailored depending on the customer’s needs. This includes the possibility of constructing one large 90,000 SQ M warehouse, subject to demand.

The buildings will have a free height of 11.65 M, dock doors at a ratio of 1/950 SQ M, a 35 M yard, as well as a truck park and a car park with safe access to offices. The building will have a BREEAM Very Good certification, reflecting Gazeley’s ongoing commitment to sustainability across its European portfolio.

The development is located 28 KM, or a 30-minute drive, from Valencia city centre. It will benefit from direct access to the V-21 direct highway to the city centre, as well as fast access to the AP-7 highway which runs from Malaga to France, otherwise known as the Mediterranean corridor highway. It is also within close distance from Madrid, Barcelona and Zaragoza.

Miguel Monreal, Senior Development Director, Gazeley said: “As one of very few available plots along the Mediterranean corridor, we are confident that our first investment in Valencia will be a welcome addition to the logistics market in Spain. Customers will be able to tailor the development to their specific logistics needs, since the design of Magna Park Sagunto allows us to be flexible with the layout, with the option of combining the development into one large 90,000 SQ M warehouse.

“Since re-opening our Spanish office in 2018, we have worked on a string of successful developments. We will continue to expand across the country into 2020 to meet the growing needs of distribution and logistics companies in the region.”

G-Park Guadalajarara finished project in Spain (available)