6 June 2018 – Expansión
The Socimi Merlin is going to invest €250 million developing 565,000 m2 of new logistics space in Madrid, Valencia, Sevilla, Málaga, Vitoria and Lisbon over the next two years.
According to explanations provided yesterday by the company’s CEO, Ismael Clemente, the next main complex that it is going to promote will be Cabanillas 2, in Madrid, measuring 210,000 m2.
The listed company will expand its logistics presence in Spain to 1.7 million m2. Merlin currently has more than 1.1 million m2, excluding the space it owns inside the Logistics Activity Zone (ZAL) in the Port of Barcelona.
Original story: Expansión
Translation: Carmel Drake
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Source:: AURA Real Estate Experts