Hamburg-based alternative investment specialist Aquila Capital has purchased a development scheme comprising 150,000 m2 of logistics space in Alcalá de Guadaira, just 15 kilometres outside of Seville.
Financial details were not disclosed.
The project development will include the turnkey construction of warehouses covering a total area of between 15,000 and 100,000 m2, with a focus on sustainability.
The logistics centres will all feature solar panels on their roofs and will be designed to meet the criteria for Breeam certification. In addition, Aquila Capital will compensate the CO2 emissions resulting from the operation of the site for two years.
Rolf Zarnekow, head of real estate at Aquila Capital, said: 'With this second green logistics project, we are consistently pursuing our investment strategy for the Spanish market.
'We are pleased to offer our institutional investors an opportunity to benefit from the attractive growth opportunities in the logistics sector in Spain while having a positive environmental impact.'
The project is being implemented by Green Logistics, Aquila Capital's logistics business development division in Europe. Since the establishment of the division in 2012, Aquila Capital has invested more than €720 mln in various logistics projects in Europe.
Green Logistics currently has assets in Italy, Portugal, Germany and Spain. Seville becomes its second largest asset in the Spanish market after the Illescas Green Logistics Park near Madrid. In July 2020, Aquila Capital had announced the signing of the first lease for the Illescas Green Logistics Park.