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Segro and PSP Bidding for the Logistics Land at Barajas Airport

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We’ve reached the final stretch in the bidding to acquire land for one of the largest logistics developments in Spain: the Madrid City Airport. The British capital company Segro and the fund manager PSP are the best-positioned bidders, after making the best proposal, according to what Expansión and market sources have confirmed to Brainsre.news.

The proposals were opened yesterday, and the technical proposals were unveiled. “Once the appropriate verifications have been carried out, the award to the winning bidder company will take place after the summer, after going through the company’s Board of Directors,” say sources close to Aena.

Among the finalists in the tender are P3, Merlin Properties, Goodman Lucia Logistics, Selp European Holding SARL and Selp Spain Spare 11 and Eu-rocor IX Holdco. Previously, Newdock and Bankinter were ruled out; VGP, Prologis and Panattoni declined to submit bids.

The logistics land at Adolfo Suarez Madrid Barajas Airport will house a 1.3 million square-metre, 264-hectare logistics hub. Madrid Airport City encompasses, with an associated buildable area of 2.1 million square metres, differentiated development activities: an area with hotels and offices of around 59 hectares and 650,000 square metres of maximum buildable area. There will be a third site with 55,000 square metres for cargo areas and aeronautical activity.

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