ELCP strikes deal to build largest shed in Catalonia

ELCP said that it had already secured an approved building permit for the project on the 170,000 m2 site. 

The deal comes weeks after ELCP appointed Marco Galbusera as managing director of Spain to spearhead its expansion across the country.

The latest logistics development is located in the municipality of El Far d’Empordà, 40 km north of Girona, and only 30 km from the French border, in the industrial park Logis Empordà. It is targeting Breeam Excellent certification and is scheduled for completion by mid-2022.

The site identification, project planning and full development management delivery will be undertaken by ELCP, with LCP bankrolling the project from its existing balance sheet capacity. Although financial details were not disclosed, LCP is believed to be investing €150-200 mln in the project.

Flor Fernández-Pacheco, land planning manager at ELCP said: 'Due to the very tight timelines and the complexity of all the urban planning processes that were required to achieve the specific urbanistic parameters, and plot size needed to accommodate the latest generation of large scale facility, it was a real urban planning challenge to all the teams involved at ELCP, the Logis Empordà promotor Cimalsa, as well as the public administrations involved from the municipality of el Far d’Empordà to the Generalitat. A clear example of best practice of public-private collaboration.'

Kristof Verstraeten, managing partner at LCP commented: 'This is a region we have been focused on for a while, so we are very pleased to have worked with all the necessary authorities to be able to deliver something of this scale in a region well known for its geographical constraints and undersupplied “tight” market.'

The deal follow's ELCP's announcement of a new logistics project under development in Torija (Guadalajara) comprising 80,000 m2 of space on a 130,000 m2 plot.

ELCP was advised on the site identification and acquisition by Invertica.