Prologis to Develop 53,500 Square Metre Build-to-Suit for Logiters (ID Logistics Group)
BARCELONA – 23 February 2017 – Prologis, Inc., the global leader in logistics real estate, today announced that it has signed an agreement to develop a 53,500 square metre Class-A build-to-suit facility for Logiters, a Spanish subsidiary of ID Logistics S.r.l, a leading French contract logistics provider.
Prologis also began construction of a 26,500 square metre speculative logistics building.
Both buildings are at Prologis Park Penedes, a logistics park in the heart of the Penedes region and close to Barcelona, one of Spain’s most important logistics corridor. The Logiters building will be the largest build-to-suit facility ever done in Catalonia.
As part of the agreement, Prologis acquired a 126,000 square metre acre plot of land in Penedes.
The building will be equipped with LED lighting, reducing electricity consumption by approximatively 40 percent, and feature a state-of-the-art fire extinguishment system and wide manoeuvring areas.
The first phase of the build-to-suit and the speculative building are expected to be completed by the third quarter of 2017.
“The location offers excellent access to Barcelona and proximity to a strong labor supply, both of which are ideal for companies that want to become more efficient and competitive,” said Gustavo Cardozo, senior vice president, country manager, Prologis Iberia. “This new development is a benchmark for a new generation of logistics and distribution facilities in Barcelona and our first development since 2009 in the Barcelona market.”
As of 31 December 2016, Prologis owned and managed more than 800,000 square meters of logistics space in Spain.
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 fulfillment.
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