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Palm Capital Leases 35,000 m2 of Logistics Space in Madrid to Two Tech Firms

Electric vehicle manufacturer Arrival and wholesaler MCR have leased 27,200 sqm and 7,700 sqm in the Los Gavilanes business park in Getafe.

Palm Logistics 2

Palm Capital’s logistics subsidiary, Palm Logistics, finalised the deal, leasing a total of 35,000 square metres at Los Gavilanes Business Park, Getafe. The tenants will be Arrival, the electric vehicle technology company, and MCR, a technology device wholesaler.

Arrival contracted 27,200 m2 to create a micro-factory for electric vans. Their joint venture will run for ten years, bringing all of phase 3 to occupancy before construction is completed in April 2021.

MCR leased 7,700 m2 over the next five years, which is part of the second phase of developing the completed building.

Read the full article in Spanish

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