Specifically, it is located in lots P 1 to 7 and P19 to 25 of sector SUI-3 in Quer (in the province of Guadalajara). The asset is near the A2 motorway, and the R2, 49km (30 min) from Madrid-Barajas airport and 9 km from Cercanías C2, Azuqueca.
The complex (a key in hand project) is made up of two warehouses at present integrated into DHL. The property is situated in a strategic area, with considerable business activity, given its proximity to, and good connections with, Madrid.
The sale is open to investors seeking assets in the Spanish real estate market with yields between 6 and 7%.
Real estate investors in the logistics sector in Spain achieved record figures in 2016. As a result, rents in the logistics sector increased approximately 3.5% last year, and total take up in the year was 285,000 m2. This good market performance led to a reduction in supply and availability, especially in the first and second ‘crown’ around Madrid.