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Nuveen Real Estate and Engel & Völkers Join Forces to Develop 2 Logistics Projects in Madrid

The investment for the launch of two projects in the south of Madrid amounts to 25 million euros.

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Engel & Völkers Development is focusing on the south of the Community of Madrid as an essential logistics hub for the rest of the Iberian Peninsula. In this vein, it has just taken an important step with one of the most important real estate investment managers in the world, Nuveen Real Estate, which has acquired two plots of land very close to the capital for the development of two logistics warehouses with a total investment of 25 million euros.

To this end, Nuveen Real Estate has signed a forward funding contract with Engel & Völkers Development for the development of the two projects. The properties are two single-tenant warehouses, one for last-mile logistics use located in the Madrilenian district of Villaverde and the other in the area of Pinto Town Hall.

Read the full article in Spanish.

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