BDC

Search
BDC Magazine

warehouse developments

Latest Issue

BDC 318 : Jul 2024

warehouse developments

SEGRO continues to build scale in Spain with the acquisition of prime logistics sites in Barcelona and Madrid

SEGRO, in its role as venture adviser to the SEGRO European Logistics Partnership (“SELP”) joint venture, today announces on behalf of SELP, the acquisition of a portfolio of Spanish logistics land sites. All of the sites are in Barcelona and Madrid and are able to support approximately 240,000 sq m of modern, sustainable warehouse space, developable over the next five years, which will allow SEGRO, through SELP, to continue to build scale and increase its presence in Spain. The sites total 41 hectares and are all in locations within close proximity to major population hubs, making them ideal to meet ongoing occupier demand that has been further strengthened by the rapid rise in e-commerce. Five of the assets are in Barcelona, including development sites in Cerdanyola del Vallès, Terrassa, Palau-Solità i Plegamans, Viladecans as well as an existing, fully let 14,000 sq metres warehouse facility in the Polinyà municipality. The remaining sites are in Madrid including in Paracuellos, strategically located next to Madrid Barajas Airport and two further sites bordering the M45 orbital road in San Fernando de Henares and Villaverde. Marco Simonetti, Southern Europe Business Unit Director for SEGRO, said: “This acquisition will significantly expand our footprint in Spain, an exciting market where we are growing our portfolio of high quality, well located assets to meet the increasing demand for prime, sustainable warehousing. “It will complement our existing portfolio in Barcelona and Madrid, helping to establish us as a leader in modern warehousing and industrial property in these important logistics markets.”

Read More »

J F FINNEGAN SUCCESSFULLY COMPLETES THE CONSTRUCTION OF AVION (PLOT 3C) AERO CENTRE , DONCASTER

Construction Contractor J F Finnegan announces the successful completion of Avion Plot 3C, Aero Centre in Doncaster for Trebor Developments. Plot 3C Aero Centre, located at Doncaster Sheffield Airport, consists of the construction of two industrial/logistics units totaling approximately 105,111 sq ft, inclusive of first floor office accommodation.  J F Finnegan are no strangers to working in this region having delivered the Concrete Sleeper Production Facility at Ten Pound Walk for Trackwork Moll Limited and Warehouse & Office Units at First Point Business Park for The Catesby Property Group. Avion at Aero Centre provides two high quality mid-size industrial units suitable for manufacturing or distribution uses, located adjacent to one of the fastest growing UK airports with excellent traffic links to the M18, A1, M62 and M1. Therefore, providing outstanding transportation possibilities and a prime location for occupiers. Mark Wright, Partner at Trebor Developments, added, “We’re delighted to take PC of our Avion development from the J F Finnegan team. The development is a great example of collaborative working to create very high-quality buildings, which are great additions to our national industrial and logistics portfolio with our partners Hillwood Investments”. Shaun Pearson, Construction Manager at J F Finnegan commented, “JF Finnegan are delighted to add this high-quality industrial scheme to their project portfolio. The whole project team have worked tirelessly to bring the project in on schedule and within budget through such challenging times. We have thoroughly enjoyed working with Trebor Developments on these speculative units and look forward to continuing our relationship in the future”.

Read More »