Eurofund Logistics Capital Partners (ELCP), a joint venture between shopping centre specialist Eurofund and developer Logistics Capital Partners, has announced the purchase of a 130,000 m2 plot of land in Torija, Guadalajara, near Madrid.
In a statement, ELCP said that it plans to develop over 80,000 m2 of logistics space on the site. Financial details were not disclosed.
'The acquisition of this plot of land is a milestone,' commented CEO James Markby. 'It is one of the few final plots available, with the capacity to house a new building of this size. It will allow ELCP to offer our clients competitive incomes for a large-scale, turnkey logistics project that services Spain, and Madrid in particular.'
Cushman & Wakefield advised ELCP on the deal.
