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ELCP acquires 130,000 sqm site in Torija, near Madrid

Octobre 2018 | in Press Release | by Logistics Capital Partners

Madrid, October 2018, Eurofund Logistics Capital Partners (“ELCP”) announces a major new site acquisition of a 130,000 sq. m (1,400,000 sq. ft) in Torija, Guadalajara, Madrid. 

Located along the well known Henares Corridor, with direct access to the A2 motorway, the primary logistics route between Madrid and Barcelona, it is only a 30-minute drive from Madrid International Airport, and 45 minutes to Madrid City Centre.

ELCP will have the ability to develop an 80,000 sq. m (860,000 sq. ft) grade A logistics facility.

The site is in a well established logistics park, with occupiers such as Leroy Merlin, Primark and Bridgestone nearby. 

James Markby, Managing Director, commented, “This is a landmark site acquisition as it is one of the very few “ready to go” sites with the capability to accommodate a new building of this size. It allows ELCP to offer clients a material rental discount for large-scale, build-to-suit, logistics project serving Spain and in particular, Madrid.”

Given ELCP´s relationships with large e-commerce retailers and Eurofund´s experience with physical retailers, ELCP is expected to launch the marketing and commercialisation process immediately.

Cushman and Wakefield have been the advisory firm acting on ELCP’s behalf. Evergreen were the legal advisor. The leasing agency mandate is still to be confirmed.

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