Global investment firm Bain Capital, and Conren Tramway (CT), a Spanish real estate investment and development company, have acquired a land plot in Alcalá de Henares (Madrid) to develop a Grade A logistics warehouse.
The acquisition is part of the firms’ Iberian logistics joint venture.
The scheme will be developed in two phases of 28,000 m2 and 30,000 m2, respectively. Each of the warehouses will be designed in accordance with CT’s design principles to meet the technical specifications and demands of large international logistics operators in terms of access, circulation and loading docks.
CT’s design for the asset is highly focused on sustainability and includes a 20,000 m2 forest reserve dedicated to tree planting, a photovoltaic installation for self-consumption, and an advanced lighting and air conditioning control system designed to reduce thermal transmission by over 40%.
Additionally, it incorporates a rainwater reuse system for irrigating green areas and other measures aimed at achieving at least a BREEAM Excellent certification.
The first phase of the project, which has the flexibility to accommodate the demands of both small and mid-box operators, is already underway and will be delivered in the second half of 2025.
Alcalá Logistics Park benefits from a prime location adjacent to the A-2 highway on the Henares Corridor, arguably the preeminent logistics hub of Iberia. The route connects Madrid and Barcelona and has excellent access to Madrid airport. The JV’s asset is well placed to address unmet demand for Grade A logistics in the area.
Valencia Logistics Park, acquired in April 2024, is progressing according to plan with execution of urbanization and earthworks ongoing. The asset is in Loriguilla, a prime area with excellent connectivity to the Port of Valencia via the A-3 and A-7 highways. The development, which can accommodate big box demands of up to 50,000 m2, is to be delivered in 2H 2025.
The Alcalá Logistics Park and Valencia Logistics Park projects form part of the JV’s initial €600 mln GAV commitment. The JV currently has a sizeable pipeline across Iberia, with sites in Madrid, Barcelona, Lisbon and Bilbao, among others, which it hopes to execute in the coming months.
Rafael Coste Campos, a managing director at Bain Capital, commented: ‘These projects reflect our commitment to developing high-quality logistics assets in the most dynamic areas of the Iberian Peninsula and our ongoing European real estate strategy expansion plans across Southern Europe.’
‘Our joint venture is very active and expanding at an ideal time to take advantage of market opportunities. The market outlook for the coming quarters is very positive. We are ambitious and want to become a reference for solving our customers’ need for high quality space,’ said José María Gutiérrez, director of CT Logistics.
