Rockspring acquires 88,000 sqm site in Madrid for speculative logistics development project

Rockspring Property Investment Managers LLP has acquired a substantial speculative development site on the Los Gavilanes estate in Getafe, Madrid on behalf of a separate account client. The site will be developed as part of a major logistics warehousing project.

Comprising circa 88,000 sqm, the site will be developed to provide approximately 60,000 sqm of
Grade A logistics stock. When complete, the property will have the capacity to be sub-divided into 8,000 sqm units, thereby providing maximum flexibility to cater for a variety of potential occupier requirements. Construction will commence in February 2016, with completion scheduled for early 2017 and the development will target a LEED certification.

The Los Gavilanes industrial estate provides direct access to Madrid’s motorway network and is strategically located 17km south of Madrid city centre, at the junction of the A4 Andalusia highway and the M50 orbital motorway. It is 10km from Spain’s largest fish market, Mercamadrid, and 27km from Madrid Barajas international airport.

On completion of the development project, Rockspring’s Spanish logistics portfolio will comprise approximately 110,000 sqm of Grade A space across two prime locations. 


Source: Property Magazine