Realterm Logistics, a US investment group specialising in logistics properties in the United States, Canada and India, has arrived in Spain with the acquisition of its first warehouse in the town of Palau de Plegamans (Barcelona). The operation, advised by Savills Aguirre Newman, demonstrates the strength of the Catalan logistics market despite the current health crisis generated by Covid-19.
The property is a cross-dock logistics warehouse with a constructed surface area of 6,578 square metres on a plot measuring 14,160 square metres. It is located in one of the most strategic municipalities for the distribution sector due to its excellent communications including the airport (43 km) and the port of Barcelona (30 km) and connections with the city, which is just 25 minutes away. The warehouse is currently occupied by a transport company.