24 May 2018 – Eje Prime
Vente Privee is strengthening its logistics structure in Spain. The French e-commerce titan, which also owns Privalia, has signed an agreement to lease a warehouse spanning 48,400 m2 in the Prologis Park Penedès complex in Tarragona.
The online retailer will whereby occupy the largest warehouse in the Prologis Park Penedès, which comprises three properties in total with a combined surface area of 128,000 m2. The complex, located between the Tarragonan towns of Santa Oliva and La Bisbal del Penedès, will allow it to handle the logistics requirements for the rest of the Iberian Peninsula and Southern Europe. The rental operation has been advised by the real estate consultancy JLL.
The reinforcement of Vente Privee’s logistics structure in the Spanish market comes a year after the group announced an €80 million investment to strengthen its R&D division. That project involves the launch of a start-up accelerator specialising in fashion, retail and technology on the campus of Paris-based Station F.
Original story: Eje Prime
Translation: Carmel Drake
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Source:: AURA Real Estate Experts