P3 Logistic Parks, manager and promoter of logistics projects, has closed the purchase of a land and does not rule out other investments if opportunities arise that fit with its strategy.
Specifically, the company has acquired a plot of 80,000 sqm in Illescas (Toledo). In this area, the manager, owned by the Singapore sovereign fund, plans to develop a turnkey project of 55,000 sqm, which is marketed by BNP Paribas.
According to Javier Mérida, general director of P3 Logisitc Parks in Spain, the manager currently has an occupancy of 95%, more than 620,000 sqm of GLA in the Spanish market, about 180,000 sqm in development opportunity and 135,000 sqm under development.
P3 Logisitcs Parks aims Barcelona, Madrid and Valencia to centralize their growth
The company has indicated that its strategy will be based both on the creation of large logistics centers, as well as some smaller ones near urban centers that allow last-mile deliveries for electronic commerce. For this, Javier Mérida, general director of P3 Logisitc Parks in Spain, has indicated that they study both the purchase and the promotion.
As focuses of its expansion, the company has identified Barcelona, Madrid and Valencia in the first instance and other secondary areas such as northern Spain, especially Bilabo, and the southern area in towns such as Seville or Malaga.
