Coperfil RE develops large logistics park in Malaga

Spanish property developer and investor Coperfil Real Estate has announced plans to develop a large logistics park near Malaga in Southern Spain.

The logistic complex will be developed at La Loma I, a 49-hectare area in the vicinity of Malaga Airport. The park will be earmarked for logistics, retail and business activities.

The company said that it will invest EUR 90 mln in the development of the logistics park, in which it owns around 60% of the 100,000 m² buildable area. Coperfil added that several national and international companies have showed interest in settling in the park. The park has also generated a great interest among investors wanting to take part in the project.

The plot is located at a strategic point, where the future Malaga ring road (MA-40), otherwise known as the West bypass road, is set to be built. The motorway, scheduled for use in January of 2010, is designed to reduce the traffic volume of the busy first ring road (A-7).

The park is part of a plan to focus on mixed-use projects in an attempt to maximise synergies among logistic and retail parks, as well as business complexes. Initially the company will develop a logistics centre and, subsequently, a commercial park with 20,000 m² of buildable surface, as well as about 34,000 m² of commercial buildings.

'This kind of mixed-use projects stirs great interest among different public administrations because they represent an important boost for the areas where they settle in, attract foreign investment and promote the private initiative and job creation,' said David Rovira, Retail & Mixed-Use Business Development Manager at Coperfil RE.

Coperfil RE is currently developing a total of 34 logistics schemes (13 in Madrid, nine in Barcelona, six in Valencia, five in Andalusia and one in Lisbon) as well as four mixed-use projects across Spain. The company recently opened a 40,000 m² commercial park in Vicar (Almeria) that required an investment of EUR 55 mln.