9 October 2017 – Eje Prime
Mercadona has finally got a foothold in Sagunto. The food distribution chain is continuing to shake up the logistics business in the country with the purchase of a plot of land measuring 358,270 m2 in the Sagunto Business Park (Valencia).
Although the agreement was announced almost a year ago, it was not until last week that the deal was actually signed. Now, Mercadona will have to wait another nine months before work starts on the construction of the logistics centre that it plans to build on the site, according to Expansión.
This is the first of three plots that the firm has acquired on the industrial estate: 600,000 m2 of land in total for €41.31 million. This means that one third of the Parc Sagunt industrial area is now owned by the group led by Juan Roig.
The positioning of Mercadona in Sagunto has attracted other companies to the sector, as evidenced by the purchase of two other plots on the industrial estate by Vostok and Inlet Seafish, which spent €1.43 million and €620,000 on their sites, respectively.
Original story: Eje Prime
Translation: Carmel Drake
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Source:: AURA Real Estate Experts