24/10/2014 – Cinco Dias
IDI Gazeley, belonging to fund Brookfield Property Partners, returns to investing in Spain. The company is going to spend around €23 million on construction of a new logistics hub in Madrid’s nearby Torrejon de Ardoz for distribution king Carrefour.
The firm said the warehouse will stand on a 43.000 square meter plot and it will constitute a hub specialized in storage of chilled and frozen food with aplication of the state-of-the-art technology.
The distribution warehouse will be situated within the borders of the Poligono Casablanca prime industrial area, 22 kilometers away from the center of Madrid. Senior vice-president of IDI, Jose de la Calle Campos, ‘the location is spectacular for development of logistics hubs’. In fact, the company has recently built another logistics hub for H&M in the same industrial spot.
Logistics director at Carrefour, Antonio Aguilar, assured that ‘the investment will allow better response to necessities of the customers’.
IDI Gazeley has built six logistics hubs in Spain so far. Apart from the one for H&M, also it raised a warehouse in Zaragoza, another in Alovera (Guadalajara) for DHL, three more in Lugo for Carrefour, in Ontigola (Toledo) for Ceva Logistics and in San Agustin de Guadalix (Madrid) for supermarket chain Eroski. In total, their area spreads over 170.000 square meters.
Original article: Cinco Días (by Marimar Jimenez)
Translation: AURA REE
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Source: AURA Real Estate Experts