Delin Property has closed the latest lease agreement at Parque Logístico Madrid Sur. The company has leased the remaining 42,000 square metres of its development to Alloga, a pan-European provider specialising in the healthcare supply chain.
The space to be occupied by Alloga in this contract includes a newly built distribution centre with a surface area of 21,000 square metres. This building achieved Breeam's Exceptional sustainability certification earlier this year. The construction is also the second building delivered within this three-phase development in Illescas, located with strategic access to the A-42 motorway, connecting Toledo with Madrid.
In addition, it has been agreed that Alloga will lease another 21,000 square metre distribution centre, which will be built by Delin Property in the same park. This future building is also expected to achieve Breeam Exceptional certification, and is expected to be delivered by the end of the first half of 2024.
To optimise operations at this facility, Alloga is implementing long-term measures such as the climate control of the halls, inclusion of cold storage and advanced robotics and automation systems. Although the specific terms of the agreement between Alloga and Delin Property have not been disclosed, Alloga's commitment to the site and facilities has been highlighted.
Isaac Nuñez, Delin Property's Managing Director for Spain, said: "This lease brings us to 100% occupancy of our assets in Spain and is a great endorsement of our strategy to offer the best facilities in strategic locations in the outskirts of Madrid. We are delighted to welcome Alloga to the park and look forward to supporting them in their move to the new facilities in the coming months and next year when the new unit is completed."
Since entering the Spanish market in 2018, the UK firm has developed and leased two logistics parks in key locations serving the city of Madrid. These include Alcalá East Madrid Park, with two buildings totalling 45,700 square metres of leasable space. These parks become essential distribution centres for their tenants, including consumer brands and logistics providers.