Prologis Leases 8,100 Square Metres in Madrid
MADRID - 4 November 2016 - Prologis, Inc., the global leader in logistics real estate, today announced it has signed lease agreements for 5,500 square metres with Newrest at Prologis Park Barajas and 2,600 square metres with Caher at Prologis Park Coslada. These transactions have increased the occupancy rate of Prologis’ Spanish portfolio to 96.6%.
Newrest, a global leader in restaurant and catering solutions and a current customer at Prologis Park Barajas, has expanded its space within the building. This park is selected for its direct connection to Madrid-Barajas Airport, only 500 metres away and its 24-hour security and access to the park. Prologis Park Barajas also has an excellent communications network with direct access to the A-2 and M-11 and the M-30 and M-40 motorways.
Caher, a trade marketing company with a nationwide presence, has selected Prologis Park Coslada for its proximity to the centre of Madrid, located just five kilometres away. Its quick connection to Madrid-Barajas Airport and direct access to the A-2 and N-21 and M-24 motorways offers its customers excellent services and maximum operating efficiency. CBRE and Aguirre Newman advised on this transaction.
"We are very pleased that Newrest and Caher have decided to develop their operations at Prologis Park Barajas and Prologis Park Coslada respectively," stated Gustavo Cardozo, country manager, Prologis Iberia. “The success of these operations reflects the top-quality shipping that will be operated by these leading companies in their sector."
Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of September 30, 2016, the company owned or had investments in, on a wholly owned basis or through coinvestment ventures, properties and development projects expected to total approximately 665 million square feet (62 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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