Home English P3 Logistic P...

P3 Logistic Parks Acquires Land in Illescas

The socimi, controlled by the Singaporean sovereign wealth fund, has acquired an 80,000-m2 plot of developable land in Illescas to build a 55,000 m2 turnkey project.

P3 Logistic Parks, a logistics projects developer, has finalised the acquisition of a plot of land and is on the lookout for other potential investments within its strategy.

The company has acquired an 80,000-m2 plot of developable land in Illescas (Toledo). P3, owned by GIC Private Limited, Singapore’s sovereign wealth fund, plans to develop a 55,000 m2 turnkey project on the site, to be marketed by BNP Paribas.

According to Javier Mérida, P3 Logistic Parks’ general manager in Spain, the management company currently has an occupancy rate of 95%, more than 620,000 m2 of gross leasable area in the Spanish market, some 180,000 m2 in development opportunities and 135,000 m2 under development.

Read the full article in Spanish


The Largest Players in Housing Sales and Rentals in Madrid

The big data platform Brainsre has conducted a study to determine the leading real estate brokerage firms that dominate the supply of housing for sale and rent in Madrid and its neighbourhoods.

The Leaders of Spain’s Rental Housing Market

Engel & Volkers, aProperties and Spotahome lead Spain’s rental housing market by volume, according to Brainsre data.

Increased Demand for Houses in Madrid Leaves Supply at Six-Year Low

The demand for houses in Madrid following the coronavirus pandemic reduced supply by 28% in 2020, with interest concentrated on the city’s periphery. However, Moncloa-Aravaca still has the most detached properties for sale in the capital, according to Brainsre.

Latest news

Walden Group Buys Half of Campo de Tiro de La Sagra to Build Its Logistics Platform

The French pharmaceutical transport and logistics giant plans to build a 30,000 m2 platform in a deal advised by Grupo Iscar.

Housing Sales Soar 83.7% in March as Prices Adjust by 4.7%

According to the General Council of Notaries, mortality increased by 75.5% year-on-year, a one-off because of the comparison with the beginning of the pandemic in March 2020.

Hotel Crisis Turns Spain into Europe’s Second Largest Investment Market

According to data from Savills Aguirre Newman, Spain was the second-largest hotel investment market in the year to March, with investments of 400 million euros, behind only the United Kingdom, with 746.5 million euros.

Inditex to Close 56 Stores in Spain this Summer

Most of the stores that will close are located in Andalusia, Madrid and Catalonia, while the most affected brands are Oysho, Stradivarius and Zara Home.