Prologis Leases 15,800 Square Meters in Valencia
Valencia, 14 May 2019
Prologis, Inc., the global leader in logistics real estate, today announced new leases with the prominent maritime and port services giant Noatum Logistics and with shipping and logistics leader SEUR. The 10,580 and 5,220 square meter units are part of a 23,500 square meter facility at the PLV (Valencia Logistics Park) in Ribarroja, the second development to be completed by Prologis at the site in the last two years.
Noatum Logistcs and SEUR chose this site for its leading services as well as its strategic location in Valencia’s main logistics hub, which is directly accessible via the A-3 (Madrid-Valencia) and A-7 (Alicante- Barcelona) highways.
The 4.0 distributionfacility is entirely set up to be managed remotely and is secured by a perimeter fence and gated access. Additional features include a wide maneuvering space and 11-meter clear height.
“We’re delighted that Noatum Logistics and SEUR have chosen one of our latest-generation facilities in Valencia”, said Gustavo Cardozo, senior vice president, Prologis Iberia. “The Spanish and Southern European logistics markets continue to grow, and Class-A logistics space is in high demand. We consciously address this fact by supplying state-of-the-art-facilities which enable smooth and efficient operations for our customers”.
INMOKING advised Prologis on the transaction with SEUR.
Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high growth markets. As of 31 March 2019, 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 72 million square meters in 19 countries. Prologis leases modern distribution facilities to more than 5,100 customers across two major categories: business-to-business and retail/online fulfillment.