Specialist European real estate investor Blackbrook Capital has made an investment in a 30,000 m2 Class-A logistics development in Madrid.
The facility, which is designed to cater for single or multiple occupiers across a range of sectors, will offer modern specifications including 12-metre 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.
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.'
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.
Located on a major motorway directly into Madrid city centre, the new development will sit adjacent to other facilities let to the likes of 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 accommodate the supply constraints of the market.'
