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Valfondo Buys 2 Million m2 of Logistics Land in the Most Sought-After Area of Illescas

The manager of Montepino's industrial assets has closed the largest operation in the segment this year and is starting work on the first projects.

Illescas Valfondo Montepino

During a year in which the logistics segment has accounted for a good portion of the headlines in the real estate sector, one of the main operators in the domestic market, Valfondo Investment Management (the manager of Montepino’s logistics assets) has closed the most ambitious agreement of 2022 (and perhaps in several years): the purchase of 2 million square metres of land located in the Toledo town of Illescas with the capacity to build a GLA of 950,000 square metres.

The purchase of this land also sees it acquire 98% of the Los Pradillos II Industrial Estate, where this macro project is going to be located. In addition, work is starting on the first two projects on the site: two Big Box platforms that will be completed during the third quarter of 2023.

Read the full article in Spanish.

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