Logistics developer and investor Prologis has inked a deal to develop a 53,500 m2, build-to-suit facility in Barcelona for Logiters, a Spanish subsidiary of French logistics provider ID Logistics.
The scheme will be built at Prologis Park Penedes, a logistics park in the middle of the Penedes region close to Barcelona, becoming the largest build-to-suit facility ever constructed in Catalonia.
'The location offers excellent access to Barcelona and proximity to a strong labour supply, both of which are ideal for companies that want to become more efficient and competitive,' commented Gustavo Cardozo, country manager for Prologis Iberia. 'This new development is a benchmark for a new generation of logistics and distribution facilities in Barcelona and our first development since 2009 in the Barcelona market.'
The Logiters scheme will be equipped with LED lighting, reducing electricity consumption by some 40%. As part of the agreement, Prologis has acquired a 126,000 m2 acre plot of land for an undisclosed sum.
Prologis Park Penedes is also the site for a 23,500 m2 speculative development which Prologis has just commenced.
The first phase of the build-to-suit and the speculative building are expected to be completed by the third quarter of 2017.
