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Hines Acquires Land to Develop Two Logistics Warehouses in Madrid

The first of the two turnkey projects will cover 21,000 m2, and the second is 10,000 m2 for Acciona Inmobiliaria, part-owner of the land and a private investor.

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Hines is continuing to invest in the logistics sector. The Hines European Value Fund 2 (HEVF 2) has acquired logistics land from a private investor and Acciona Inmobiliaria to develop two warehouses.

The first is a 21,000 square metre property, while the second is a 10,000 square metre turnkey operation, both for Acciona.

The new assets are located in Atalayuela, an industrial estate in Madrid’s first logistics ring. It is 20 km from the airport and 12 km from the capital’s centre. It has connections to the M-40 and M-45, is close to the M-31 motorway and next to the A-4. Its added value is its proximity to Mercamadrid, just 3 km away.

Read the full article in Spanish

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