Madrid, June 13th, 2022. Area Industrial & Logistics, the logistics division of Arnaiz and national developer of industrial warehouses, has successfully completed the delegated development of three industrial and logistic buildings for Thor Equities Group investments fund. These are three turnkey projects on three plots located in the “last mile” of Madrid, specifically in the municipalities of Pinto and Torrejón de Ardoz. This operation has involved an investment of €40 million.
The first of these, located on a 17,120 square meter plot in Sector 5 of Pinto, consists of a building for the storage and distribution of pre-cooked foods, which already has a long-term lease contract with a leading national company in this sector.
The second, also located in the municipality of Pinto, but in this case in Sector 4, is built on a 19,900 square meter plot, whose main use will be the storage and distribution of dry goods. The total built area is 8,950 square meters. As in the previous case, the asset is already leased to a major DIY company.
The third one is located at the Los Almendros sector, in Torrejón de Ardoz, in one of the most sought-after last-mile delivery areas in Spain at the moment. It is a warehousing and distribution building with a total surface area of 10,750 square meters on a plot of 19,000 square meters.
David Hunt-Cuadrado, Thor Equities Group’s Managing Partner Head in Europe, was very satisfied with the work done by both companies in these three projects: “This portfolio meets our expectations because they are new buildings and perfectly suited to the standards demanded in the current and future real estate-logistics sector. We are also very satisfied because it is very pleasing to see that the assets are being leased even before the construction work is completed. Our collaboration with the logistics division of ARNAIZ has been very good and our alliance for the development of assets in Spain has been strengthened”.
For his part, the partner and general manager of the logistics division of Arnaiz, Roberto Marqués, explained that “we are very pleased to have been able to deliver these three buildings within the deadlines and budgets agreed with Thor, especially in these current times when the highly inflationary situation is not helping. The location is exceptional, and we always believed that a good product strategically located should generate business for all parties. With this work we strengthen our joint venture with Thor Equities and position both parties as leaders in the last-mile quality logistics market.”
This operation is part of the strategic alliance between the investment fund Thor Equities Group and its local partner in Spain, Arnaiz, to invest and promote new projects in the real estate market. Both companies recently announced the creation of “Madrid One” in Fuenlabrada (Madrid), the largest Data Center in Spain, with an investment of €600 million. Both companies are already working on the next projects as part of their strategic agreement. Thus, in the coming months, they will start the development of another 23,000 square meters of total buildable area, also in the Community of Madrid, this time in Villaverde (Madrid), Coslada and Meco, with an investment of approximately €28 million.
For further information:
ATREVIA
Carlos C. Ungría
cungria@atrevia.com
Mobile +34 672 44 70 65
