Aristeas buys logistic terrain in Madrid

Aristeas buys logistic terrain in Madrid

Located in the Polígono Industrial Casablanca (Casablanca Industrial Park), it has 13.500 sqm, on which Aristeas should develop an 8.700 sqm warehouse, of which 7.800 sqm will be destined for storage.

Its location near the Spanish capital and the quick accesses nearby may be favourable to regional logistic activities, as well as e-commerce, revealed the release issued this Tuesday by Savills Aguirre Newman, advisor for this acquisition and which should also be responsible for leasing the equipment.

For Antonio Montero, Head of Logistics at Aguirre Newman, this «operation shows that the investor interest for the logistic segment in terms of new developments remains high in locations where the product availability is low. The acceleration of e-commerce’s importance caused by Covid’s impact on total sales within the distribution segment makes us predict a greater logistic absorption, especially within last mile areas».

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