Mileway buys last-mile logistics from Grupo Lar in Valencia

Mileway buys last-mile logistics from Grupo Lar in Valencia

The last mile immologistics of the Blackstone group has acquired from Grupo Lar an asset with about 24,000 sqm in Quart de Poblet, a municipality located just fifteen away kilometers from the center of Valencia.

Mileway has already secured a client for the complex through a long-term rental contract with the Spanish logistics company OnTime, which is already a Mileway client in Valencia as well as Barcelona, ​​Madrid, Bilbao and Pamplona.

The new Quart de Poblet complex, with its proximity to the city center, will allow the group to expand its operations in Valencia and meet the highest quality standards such as chargers for electric vehicles and the installation of photovoltaic plates for its own consumption.

Mileway is the largest owner and manager of last mile logistics real estate assets in Europe. It has a presence throughout Europe, with more than 1,750 assets in 10 major European economies. Mileway's top five markets are the UK, Sweden, Germany, the Netherlands and France and represent more than 85% of the portfolio.

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