SEGRO buys factory in Mollet del Vallès to convert it into a distribution hub

SEGRO buys factory in Mollet del Vallès to convert it into a distribution hub

The property will be renewed to provide a space of 40,000 m² of urban and logistical storage, suitable for a single occupant, but subdivided into units of 6,000 to 7,000 m², the construction works will begin during the course of 2019.

This acquisition is added right after the recent acquisitions in Getafe (Madrid) and Sant Esteve Sesrovires (Barcelona) and reinforces SEGRO's growing position in Spain, where it now owns nine assets in Madrid and Barcelona.

David Alcázar, director of SEGRO Spain says: "Our priority in Spain and elsewhere is to build modern and high-quality assets, not focusing exclusively on quantity. So we only choose strategic locations in the most dynamic regions of Spain. Our aim is to create and develop high quality innovative warehouses for our customers, building environmentally responsible Class A buildings for urban distribution and logistics. "

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