A Real Estate company has been advising the Pavasal and fund manager Invesco in areas around the creation of a major logistics platform that is located near Barcelona, Spain. BNP Paribas Real Estate has been advising Pavasal and Invesco on the project that will be made up of a 49,500
A few weeks ago, RGB Building Supplies announced that they had acquired TecBuild. The Bodmin Builders merchants has been acquired by the Building Supplies company in order to expand their business. RGB Building Supplies is a mixed merchant supplier that offers a range of building materials as well as landscaping
A Real Estate company has been advising the Pavasal and fund manager Invesco in areas around the creation of a major logistics platform that is located near Barcelona, Spain. BNP Paribas Real Estate has been advising Pavasal and Invesco on the project that will be made up of a 49,500 sq. m. logistics platform which will be created on land that has been purchased by Pavasal. The project will be let to third parties and then sold on to Invesco. The construction of this platform is part of a speculative construction scheme that should demonstrate the improving and growing confidence of investors. This improvement is great for the recovering Spanish investment market and will also be a good sign for the country’s logistics sector. The transaction is set to be carried out inside the industrial and logistics belt that is made up of the Spanish towns of Abrera, Martorell and Castellbisbal. This area where the logistics platform is set to be constructed in situated less than 27km from Barcelona. The project is expected to be completed at some point in the first half of 2018. The property will be constructed in accordance with the most up to date energy efficiency parameters. This means that the buildings constructed as part of the project will be able to help generate energy savings for future consumptions. The construction work will take place in accordance with the highest quality standards. These standards include the operational logistics design as well as the application of the latest techniques in the construction industry. The warehouse that will be built as a part of this project will include the LEED Silver sustainability seal which means that the tenants of the building will be able to save some money on energy costs. BNP Paribas Real Estate has taken charge of the coordination of the different parties on the project. The logistics team is also involved in advising all parties about the sale and acquisition deal in areas including the purchase of the land, and the definition of the project required by Pavasal. The advice from the logistics company will go up to the due diligence activities on the project as well as the final sale to Invesco.
A few weeks ago, RGB Building Supplies announced that they had acquired TecBuild. The Bodmin Builders merchants has been acquired by the Building Supplies company in order to expand their business. RGB Building Supplies is a mixed merchant supplier that offers a range of building materials as well as landscaping goods and decorating materials and damp proofing products. The business has been working out of the Devon, Cornwall and Somerset areas for the past 160 years. Therefore, RGB has managed to expand in order to become one of the South West’s leading independent builder’s merchants. Now that they can add the Bodmin branch to thei9r collection of locations, the building supplies merchant will now be operating out of 19 different locations in the South West of England. TecBuild was formerly owned by Phil and Jo Northey. The former owners are expected to sill carry on being involved in the business now that is has been acquired by RGB Building Supplies. It was also stated that all the TecBuild staff will be kept on at the branch. This is good news for the Bodmin branch workers, and will mean that the former employees will still be able to have some involvement in the business. The former owners of TecBuild will be working alongside the CEO of RGB Building Supplies, Kevin Fenlon as well as with the Bodmin Branch Manager Steve Best in order to give RGB a boost when expanding into the Bodmin area. TecBuild has previously managed to build a very loyal client base in the area and hopefully this means that RGB will be able to capitalize on that client base in order to succeed in this new location. It has been mentioned that it is important to RGB Building Supplies that the former bosses of TecBuild are still playing an important role in the business, and RGB will be able to offer their larger client base in order to help the Bodmin location flourish.
