Panattoni, Europe's leading logistics-industrial real estate developer, today announced the construction of a new logistics platform in the province of Burgos, specifically in the city of Miranda de Ebro. The total surface area of the complex will be around 131,000 sqm of gross leasable area, to be built in two phases, of which 127,773 Sqm will be used for warehousing and almost 4,000 sqm can be used as offices. This development, which is scheduled to begin construction this summer, represents an investment of more than 90 million euros and is a clear reflection of the company's strong commitment to Castilla y León.
The initial project will be built on a 284,779.55 sqm site and will consist of two flexible buildings that can accommodate up to 8 different tenants as well as logistics and industrial activities. Given the growing demand for XL logistics facilities, this site also allows the company to develop a single 142,000 sqm building, linking the 2 phases, which could be one of the most strategic and active transport hubs in the Iberian Peninsula.
Panattoni Park Miranda de Ebro' will have a free vertical storage height of 11.5 meters; 156 loading and unloading docks (72 in the first phase and 84 in the second stage of construction); 35 meters of maneuvering beach for trucks; 1,292 parking spaces for cars and 24 parking spaces for trucks. As Panattoni reminds us, the urban planning regulations of Burgos allow flexibility in terms of size, shape, buildability and maximum height, so it can be a very suitable asset for a BTS project that can address the needs of the most demanding tenants.
It is no news that the Spanish market is facing a crisis of shortage of large plots for XL warehouses. The construction of this new Panattoni project is a response to the high demand and low supply of logistics facilities in neighboring areas, both in Spain and France, arousing the interest of French retailers and entrepreneurs who choose to set up in these border areas.
In this sense, the development has an enviable location, given its proximity to the surrounding provinces of Castilla y León, La Rioja, Madrid, the Basque Country and the French border. The plot is only 5 kms from the A68 freeway, which links Zaragoza and Bilbao, and 8 kms from the A1 freeway, which links Madrid with France through the Basque Border. In addition, this location has very good rail transport connections.
This new property will offer its future tenants all the innovations in terms of energy efficiency, in line with the developer's 'Go Earthwise with Panattoni' philosophy. In this regard, it will meet the highest standards of quality and land optimization, will have its own photovoltaic installation to supply clean energy to the building and intelligent LED lighting to reduce costs and environmental impact.
"When we announced the construction of 'Panattoni Park Burgos' we did so with the conviction of betting on this province. And that is what we are doing with this new project. Castilla y León is a region full of opportunities and our intention is to continue promoting its economy with new infrastructures that will make it more dynamic," said Gustavo Cardozo, Panattoni's General Manager for Spain and Portugal. "Panattoni Park Miranda de Ebro' will allow us both to offer logistics buildings to several operators in an area with a shortage of assets, and to develop a large XL project to optimize the operations of the most demanding customers".
For her part, Aitana Hernando, mayoress of Miranda de Ebro, pointed out that "the arrival of Panattoni in Miranda is historic news that will mark a before and after. Its business complex will become the largest in the city in terms of built surface area and employment generation, fulfilling one of the objectives of the Strategic Plan "Miranda al Futuro", regarding the attraction of what we call "priority strategic projects"."
Roberto Martínez, director of the development office 'Miranda Empresas' highlighted that "the importance of Panattoni's establishment in Miranda de Ebro is not only due to the fact that it is the most important logistic-industrial real estate developer in Europe, but also because it is a project of huge dimensions, which will generate a great socio-economic impact in Miranda".
