P3 has acquired a 42,600-sqm plot at the Zaragoza Logistics Platform (Plaza), where it will develop a logistics park offering up to 28,400 sqm of gross lettable area. This new project, named P3 Zaragoza Plaza, marks the company’s first own-development project in Aragon and will be located in one of Spain’s main logistics hubs. The transaction was supported by CBRE, Arcadis and Hogan Lovells.
This new project is a state-of-the-art speculative development, conceived with a flexible design to cater for 3PL operators, retail companies and e-commerce firms. The property can be adapted to the needs of one or more tenants and offers two main configurations: a single warehouse of approximately 27,200 sqm or a multi-tenant solution comprising three modules of around 9,000 sqm each.
In its single-tenant configuration, the property will feature 27 loading bays and up to 1,000 sqm of space for offices, changing rooms and communal areas. Alternatively, the multi-tenant option offers greater flexibility for operators requiring smaller spaces, with nine loading bays per module and around 400 sqm of ancillary space in each.
It will also feature a clear height of 11.1 metres, a floor with a uniform load-bearing capacity of 7 tonnes per sqm and a point load capacity of 8 tonnes, a 34-metre manoeuvring area, three ground-level access points and 270 parking spaces.
Work is set to begin shortly, while construction of the structure is scheduled for late 2026, with completion in the final quarter of 2027.
The company states that it has already identified significant interest in this project and expects to finalise agreements before or during the construction process. “This new development reinforces P3’s commitment to the main logistics hubs of the Iberian Peninsula, in an environment characterised by high demand, first-class infrastructure and a robust business ecosystem”, said Javier Mérida, Managing Director of P3 in Spain.
The project will be located in Plaza, one of the largest logistics hubs in southern Europe and one of the most established clusters in the Iberian Peninsula. Its location makes Zaragoza a strategic hub at the crossroads of major national and European transport corridors, with direct links to Madrid, Barcelona, Bilbao and Valencia.
P3 currently has an 80,000-sqm asset in Zaragoza, occupied by a leading company in the household appliances sector.
