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New 52.000 sqm warehouse announced in Madrid
18 July 2019 | Vanessa Sousa

At a time when demand for logistic assets in the main Spanish cities has taken off, Iberian Capital Corporation announced a new 52.000 sqm asset of this type in Meco, a municipality belonging to Madrid.

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It represents a 35 million euro investment, which, according to daily newspaper Eje Prime, will be shared with German fund DWS, its partner in this operation.

The asset – which will be divided in two 24.500 sqm buildings – is being constructed on a 100.000 sqm terrain. It will also have a 1.000 sqm area for offices and 600 parking spots.

The marketing of the asset is in charge of consultants Proequity and Cushman&Wakefield and, according to the same newspaper, it should be operational during this year’s last quarter.

 

Photo: Iberian Capital Corporation