Prologis Signs 23,500 Square Meter Lease Agreement with Mercadona in Valencia
BARCELONA – 6 June 2017 – Prologis, Inc., the global leader in logistics real estate, today announced it has signed an agreement with Mercadona to lease a 23,500 square meter building at the Ribarroja de Túria Logistics Park in Valencia. Mercadona is Spain’s leading supermarket operator.
The facility, which comprises the first phase of Prologis’ 46,000 square meter Ribarroja de Túria Logistics Park development, is Prologis’ first 4.0 building. Designed using Building Information Modelling (BIM), the unit is connected to the internet, allowing all building services to be managed from a mobile device.
"We are delighted that Mercadona has leased this new building,” says Gustavo Cardozo, country manager, Prologis Iberia. "Valencia is an increasingly important logistics market in Spain and southern Europe, where there is low availability of high-quality space."
The real estate consultants CBRE, BNP Paribas Real Estate and Inmoking Real Estate advised on the transaction.
Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of March 31, 2017, 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 678 million square feet (63 million square meters) in 19 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 fulfillment.
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