Logifrio, a company specialising in temperature-controlled food logistics, has leased a cold logistics platform in the Casablanca Industrial Estate, in the Madrid municipality of Torrejón de Ardoz. The asset, owned by Real I.S, BayernLB's real estate fund manager, has been co-exclusively marketed by CBRE and JLL.
The transaction comprises the lease of modules B3 and B4, with a total area of 10,467 sqm. Both spaces are equipped with negative and positive temperature cooling systems, a typology that is still uncommon in the current logistics market, according to CBRE.
The incorporation of Logifrio, together with the contracts signed with Brendlogistic and Loginstock throughout 2024, completes the occupation of building B. The logistics complex thus reaches a total occupancy rate of 80%. At present, two dry modules remain available in building A, each measuring 5,000 sqm and equipped with state-of-the-art technical specifications.
Daniel Feliu, Director of A&T Industrial & Logistics in Spain at CBRE, said: "This latest Logifrio operation highlights the importance of value-added operations and specifically the shortage of quality facilities with cold equipment.
Ignacio Saura, Director of Asset Management at Real I.S., said: "With this new transaction, we reaffirm the quality of our logistics platform and Real I.S.'s commitment to invest in first class assets. It is a pleasure to have a tenant such as Logifrio, which will be able to take advantage of a modern warehouse with excellent refrigeration facilities".
The transaction is part of a context of high demand in the logistics market. According to CBRE data, contracting of logistics space in Spain during the first quarter of the year reached 710,000 sqm, which represents an increase of 34% compared to the same period in 2024 and represents the best start to the year to date. In the Central Zone, contracting reached 249,000 sqm, a year-on-year growth of 17%.