Prologis Begins 21,000 Square Metre Speculative Development in Madrid
MADRID (14 February 2017) – Prologis, Inc., the global leader in logistics real estate, today announced it has begun construction of a 21,000 square metre logistics building, which is being speculatively developed at Prologis Park San Fernando on a 90,000 square metre plot in the SUPI-4 sector of San Fernando de Henares, Madrid.
The building is expected to be completed by the beginning of the third quarter of 2017.
Improved prime features:
The building will be developed to the highest standards with significant technical features, notably a storage height of up to 11 metres, allowing an increase of storage capacity of around 20 percent compared to a traditional building.
Equipped with LED lighting:
Among the innovative features in energy efficiency in logistics buildings, the building will have LED lighting equipment that will reduce electricity consumption by approximately 40 percent.
A key location between major national markets:
The property is 15 minutes from the centre of Madrid, in the San Fernando de Henares area. Prologis Park San Fernando is directly connected with the A2 motorway, linking Madrid, Zaragoza and Barcelona, and the M-50 ring road.
"This is a strategic entry point to Madrid, with a perfect location, excellent connections and proximity to an available workforce," said Gustavo Cardozo, country manager, Prologis Iberia. "The development will be a point of reference for new logistics and distribution facility generation in Spain, as has been the case with many of the distribution facilities we have developed in Spain."
As of 31 December 2016, Prologis in Spain owned and managed more than 800,000 square meters of logistics space in the main logistics markets.
Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of December 31, 2016, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 676 million square feet (63 million square meters) in 20 countries. Prologis leases modern distribution facilities to a diverse base of approximately 5,200 customers across two major categories: business-to-business and retail/online fulfilment.
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