Azora finalizes the purchase of logistics land in Madrid

Azora finalizes the purchase of logistics land in Madrid

The manager will pay 380 euros per square meter, although it is land in the development phase and, therefore, it is not a finalist land, according to El Economista. The site is located next to Mercamadrid and twenty kilometers from Barajas Airport.

Other developers have also made acquisitions in the area. Hines, through one of its funds, bought two land in the area: one to promote a turnkey warehouse for Acciona, and another at risk. The first will have ten thousand square meters and the second, with twenty thousand square meters.

The success story of the Atalayuela dates back to 2018, when Mercadona launched to acquire a 30,000-square-meter plot of land within the strategy of its online project. This operation put the area on investors' radar. The next to position itself was DeA Capital RE Iberia, which bought a 27,000-square-meter plot in the polygon and reached a sale agreement with Abrdn (formerly Aberdeen Standard Investment) through a turnkey of a warehouse of about 19,000 square meters.

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