Panattoni, Europe's leading logistics-industrial real estate developer, has just acquired an 80,000 sqm plot in the Torija industrial complex to develop its second project in the province of Guadalajara.
This new development will allow combining one or several activities from 15,000 sqm to a total of 48,000 sqm, and will house offices of up to 2,000 sqm. The project is the company's second in Torija, since last September, Panattoni delivered a first turnkey building of 27,000 sqm to Leroy Merlin, the French multinational specializing in DIY, construction, decoration and gardening.
The 'Panattoni Park Torija II' project has a privileged location in one of the best areas of the industrial complex, which will allow its facade to be visible from the A-2 motorway, to which it has direct access. These conditions will provide the development with unbeatable connections to Zaragoza and Barcelona. The strategic location of the Torija complex, in the heart of the Iberian Peninsula, concentrates important multinationals in addition to Leroy Merlin, such as Primark and Bridgestone, among others.
The complex will have a minimum clear height of 11.50 m, sprinklers and a floor overload estimated at 6 tons per sqm. It will also have a parking lot with a capacity for more than 200 vehicles and 73 loading docks.
In line with Panattoni's 'Lean & Green' Plan, the project will have the BREEAM 'Very Good' sustainable construction certificate, which guarantees compliance with the highest sustainability standards. In addition, a photovoltaic plant will be installed, as well as a low-consumption LED lighting system and electric chargers.
"We are proud to be able to consolidate our presence in the Iberian Peninsula by announcing our second logistics-industrial project in the province of Guadalajara" said Gustavo Cardozo, Panattoni's Managing Director for Spain and Portugal.
Daniel Bumpstead, Kajima's Investment Director, said that “this acquisition marks Kajima’s fifth development project in Spain in a joint venture with Panattoni, building on our strong track record of delivering high-quality logistics assets in strategic locations. Spain is a key market in our European expansion plan and offers capital growth driven by expansionary demand and a lack of available grade A warehousing stock.”