Prologis Signs 48,400 Square Metre Lease Agreement with vente-privee at Prologis Park Penedès, Catalonia
Barcelona, 24 May 2018 - Prologis, Inc., the global leader in logistics real estate, today announced it has signed a lease agreement for a 48,400 square metre building at Prologis Park Penedès with vente-privee Group (vente-privee, Privalia and vente-exclusive) a French e-commerce company.
With this leasing transaction, one of the largest in Spain in 2018 to date, the company leases 100 percent of the first building developed at Prologis Park Penedès, a three building park, totalling 128,000 square meters.
“This transaction holds a great deal of meaning for Prologis. To provide such a large building to one of the leading online sales companies in Spain and Europe is a real cause for team celebration. Prologis Park Penedès is well situated to serve the Iberian Peninsula and other Southern European markets. Choosing to set up operations at Penedès confirms the parks strategic value and convenient location,” said Gustavo Cardozo, country manager, Prologis Iberia.
Prologis Park Penendès is located in the Santa Oliva and La Bisbal de Penedès municipalities, along the Penedès Corridor, one of the most important logistics areas in Spain. Prologis currently manages more than 275,000 square metres in active real estate in this Corridor, divided between Prologis Park La Granada, Prologis Park Subirats and their own Prologis Park Penedès.
“With excellent connections to Barcelona, the entire Iberian Peninsula and quick, easy access to two major seaports (Barcelona and Tarragona), this park has strategic logistical importance for vente-privee and other customers”, added Gustavo Cardozo. “We feel proud that a company such as vente-privee has chosen to develop their main logistics operations in Spain from our Prologis Park Penedès”.
Real estate agency consultant JLL advised this operation.
Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of March 31, 2018, 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 683 million square feet (63 million square meters) in 19 countries. Prologis leases modern distribution facilities to a diverse base of approximately 5,000 customers across two major categories: business-to-business and retail/online fulfillment.
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