Third investment in Iberia through industrial development deal
New 30,000 sqm facility will address supply-constrained market catering to Spain’s capital region
Expected to achieve BREEAM Excellent certification
London, 28th March 2022 – Blackbrook Capital (Blackbrook), a specialist European real estate investor focusing on future-proof supply chain infrastructure, today announced its investment in a 30,000 sqm Class-A logistics development in Madrid.
The facility, which is designed to cater for single or multiple occupiers across a broad range of sectors, will offer high quality modern specifications including 12-meter clear heights, cross-docks, 5T floor loads and ample parking provisions. It is expected to achieve BREEAM Excellent certification and will be available for occupation in early 2023.
The industrial market in Madrid has seen vigorous growth in recent years and is rapidly becoming a core European sub-market with activity in the region soaring in 2021. There has been strong investor interest in the eCommerce sector which has been a key driver of logistics growth in the surrounding region.
Located on a major motorway directly into Madrid city centre, the new development will offer direct motorway access and travel reliability for logistics operations. The location is already home to other major occupiers including GXO, Amazon and Zalando.
Jon Strang, Managing Director of Blackbrook said: “eCommerce in Madrid has seen a significant ramp-up in recent years, and the development of logistics infrastructure is vital to meet its growing demands. With state-of-the-art specifications, the facility is a first-rate asset which is perfectly equipped to accomodate the supply constraints of the market.”
Arvi Luoma, Co-Founder & CEO of Blackbrook added: “From a fundamentals standpoint, Iberia continues to remain a hugely exciting region for us. The funding of this project encapsulates Blackbrook’s core strategy of investing in future proof supply-chain infrastructure across Europe. We remain excited at the prospect of continuing to broaden our portfolio around major urban conurbations, to support further growth in the eCommerce and broader logistics sectors.”