Panattoni, Europe's leading logistics-industrial real estate developer, has just reached an agreement to lease its project in Alcalá de Guadaíra, in the province of Seville, to a major client with a large presence in Spain and surrounding countries in Western Europe, with the advice from Inmoking, a real estate consulting and services firm specialised in the logistics real estate market. The project, initially conceived as a flexible development at risk, with the capacity to accommodate one or two simultaneous industrial activities, will take the form of a cross-dock facility for the optimisation of transport and last-mile delivery, in accordance with the client's needs.
The plot, in Los Palillos Industrial Estate, has a total surface area of 18,825 sqm. The cross-dock building that Panattoni is preparing will have a gross leasable area (GLA) of 6,650 sqm and will be delivered in early 2023. The lease of this space by a major client with a large presence in the Iberian Peninsula, whose name is kept confidential for the moment, illustrates the dynamism of the logistics real estate market in Andalusia over the last few years and in particular in a busy market such as Seville, a strategic and booming hub for the entire southern Iberian Peninsula, which lacks state-of-the-art warehouses adapted to what the sector demands.
Panattoni's new project offers a convenient location, just 3 km from the SE-40, the ring road to the south and east of Seville, and the A-92 highway, the great east-west axis of Andalusia. The development is ideal for last mile delivery due to its proximity to the Andalusian capital, just 13 km away, and the main communication arteries of the city. The project is also close to the airport, from which it is only 14 km away.
Following the company's 'Lean & Green' plan, 'Panattoni Park Sevilla II' will have an optimal environmental rating (BREEAM 'Very Good' certification), and the roof of the facility will be equipped with 100 kW photovoltaic panels to supply clean energy to the electric vehicles in charge of last mile delivery.
"The logistics real estate market in Seville is experiencing an extraordinary development, and this agreement is the best proof of that," said Jesús Lancharro, Panattoni’s Director of Leasing and Asset Management for Spain and Portugal . "Just two months after announcing the project, Panattoni's offer has been endorsed by a large client with a wide presence on the iberian peninsula, attracted by exactly what we are proposing: flexibility to meet their needs for their logistics and last mile delivery operations, access to a first class logistics hub and an infrastructure that meets the highest standards of sustainability and quality.
"There is an unsatisfied demand for logistics space to meet the current flexible needs of the logistics market in the city of Seville, and projects of this type are in high demand," said Roberto Ágreda, Partner and Director of Inmoking. "The accelerating penetration of e-commerce is revolutionising the industrial and logistics real estate segment, with the development of new buildings to meet current and future demand, and with the focus of national and international investors as a market of maximum interest and trend".