• Home
  • Newsroom
  • Panattoni Iberia begins 66,430 sqm speculative logistics project within €145 million Tarragona park development
Press releases

Published:

27.10.2022

Panattoni Iberia begins 66,430 sqm speculative logistics project within €145 million Tarragona park development

Panattoni has started the construction of a 66,430 sqm GLA speculative project within its Panattoni Park Tarragona development to the south of Barcelona. The logistics park will have 146,179 sqm GLA upon completion and represents a total estimated investment of €145 million by Panattoni.

Published:

27.10.2022

WhatsApp Image 2022-10-27 at 14.52.44

Panattoni, Europe’s largest developer and deployer of institutional capital in industrial and logistics real estate, has started the construction of a 66,430 sqm GLA (gross lettable area) speculative project within its Panattoni Park Tarragona development to the south of Barcelona. The logistics park will have 146,179 sqm GLA upon completion and represents a total estimated investment of €145 million by Panattoni.  

Panattoni Park Tarragona is located 45 minutes from Barcelona port and 25 minutes from the harbour of Tarragona.

Gustavo Cardozo, Panattoni Managing Director for Spain and Portugal, said: “Strong demand and constrained availability of land and warehouse supply in and around Barcelona have pushed the new hub of the city’s logistics market outwards to the third ring road area. Panattoni Park Tarragona will be by far the largest private-sector logistics development in the Barcelona logistics real estate market and, we are very confident there  will be strong demand for our new speculative project now kicking off at this strategic location.”

Panattoni Park Tarragona is located in La Bisbal del Penedés on Barcelona’s third ring road, a strategic enclave next to the intersection of two of the most important arterial highways for freight traffic in Spain. The park has high visibility from the A-2 highway, which connects Barcelona with Madrid, and is also close to the AP-7, which runs along Spain’s Mediterranean axis. This makes it an exceptional location for companies that require large surface areas in the Catalonia region with excellent connections to the main communication routes and logistics and intermodal infrastructures.

Logistics space take-up in the greater Barcelona market rose 13% to 178,348 sqm in Q3 2022 compared with the same period of 2021, according to real estate consultants Forcadell. The third ring road area, between 40 km to 100 km from the city’s port, accounted for just under 60% of the tenant take-up.  Total investment in the Catalan real estate logistics market reached a record €607 million in the first nine months of this year, agent CBRE reported. 

The new speculative project in the early stages of construction at Panattoni Park Tarragona will have 61,400 sqm of warehouse space and up to 5,030 sqm of offices. Due to the flexibility of the design, it will be able to accommodate up to four different tenants in units ranging from 13,150 sqm to 17,500 sqm, depending on requirements. The warehouse will have 84 loading docks, a 35-metre truck manoeuvring area, and a clear height of 11 metres to optimise storage capacity.

Upon completion, scheduled for mid-2023, the project will meet the highest sustainability standards with a BREEAM 'Very Good' certification, in line with the: 'Go Earthwise with Panattoni' philosophy. The entire logistics park will be equipped with 100 kW solar panels, smart LED lighting and waste management systems, as well as a car park with 500 spaces, 13 of which will have charging points for electric vehicles.

The speculative project is the second development at Panattoni Park Tarragona. The first existing building is currently leased to Naeko logistics while construction of a third warehouse with 39,335 sqm GLA is expected to get underway soon.

16x9
Featured news Eco news +1

PERE ESG report 2023: Q&A with Nick Cripps and Emilia Dębowska

How important is ESG for potential investors and customers? Which technologies are strategic to any ESG-oriented company? And what is Panattoni's experience across Europe regarding different countries? Find answers in an interview with Nick Cripps and Emilia Dębowska published by PERE.

scarmagno_hires_without description
Featured news Press releases

Panattoni Italy Launches 90,000 sqm Speculative Logistics Development near Turin after Site Acquisition

Panattoni’s new park in Turin will comprise a single-story warehouse building totalling just under 90,000 sqm with a clear net height of 12 metres, LED lighting, photovoltaic panels, leisure facilities for employees including a canteen, sports and recreation area, and 3,700 sqm of office spaces.

Panattoni 1 year press
Featured news Press releases

Panattoni celebrates its first year in Sweden – and gears up for new major logistics deals

Today Panattoni celebrates one year in Sweden. The world's largest developer of logistics properties got off to a flying start in the Swedish market and can look back on an intense year – and at the same time look ahead to new big deals.

charitybike
Featured news Press releases

Panattoni and LaSalle Investment Management raise €16 647 from cycle ride to EXPO REAL

The riders were raising funds for Vaincre la Mucoviscídose, an excellent association leading the fight against cystic fibrosis, the most common hereditary genetic disease.

NEXT

Panattoni Italy Launches 90,000 sqm Speculative Logistics Development near Turin after Site Acquisition

Panattoni’s new park in Turin will comprise a single-story warehouse building totalling just under 90,000 sqm with a clear net height of 12 metres, LED lighting, photovoltaic panels, leisure facilities for employees including a canteen, sports and recreation area, and 3,700 sqm of office spaces.

Panattoni celebrates its first year in Sweden – and gears up for new major logistics deals

Today Panattoni celebrates one year in Sweden. The world's largest developer of logistics properties got off to a flying start in the Swedish market and can look back on an intense year – and at the same time look ahead to new big deals.

Panattoni and LaSalle Investment Management raise €16 647 from cycle ride to EXPO REAL

The riders were raising funds for Vaincre la Mucoviscídose, an excellent association leading the fight against cystic fibrosis, the most common hereditary genetic disease.

PERE ESG report 2023: Q&A with Nick Cripps and Emilia Dębowska

How important is ESG for potential investors and customers? Which technologies are strategic to any ESG-oriented company? And what is Panattoni's experience across Europe regarding different countries? Find answers in an interview with Nick Cripps and Emilia Dębowska published by PERE.

contact-us3

Contact us

We would love to hear from you. Send us an email using the form below or give us a call.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Thank you!
We will get back to you as soon as possible.

Panattoni
Panattoni
Panattoni
Panattoni
Panattoni
Panattoni
We use cookies

Welcome! We use cookies to ensure the proper functioning of the website. We may also use our own cookies and our partners' cookies for analytical and marketing purposes, in particular to match advertising content to your preferences. The use of analytical, marketing and functional cookies requires consent. If you wish to accept all cookies, click "Accept All". If you do not agree to our use of cookies other than essential cookies, please click "Reject All". If you want to adjust your consents for us and our partners, click "Manage cookies". Remember that you can withdraw each of the consents you have given at any time by changing the selected settings.

The use of cookies for the above-mentioned purposes is related to the processing of your personal data. The data controller of your personal data is Panattoni Development Europe sp .z o.o. with its registered seat in Warsaw (00-844), Plac Europejski 1, entered into the register of entrepreneurs of the National Court Register kept by the District Court for the Capital City of Warsaw in Warsaw, XII Commercial Division of the National Court Register, under the KRS number: 0000310363, NIP number: 5252437526. In some cases, our partners may also be data controllers. More information about our and our partners' use of cookies and the processing of your personal data, including your rights, can be found in our Privacy Policy.

Accept all Reject All Set preferences Privacy preferences

Below you can change our and our partners’ cookie settings. Our use of analytical, marketing and functional cookies requires your consent. As part of marketing cookies, we have separated the category of cookies related to the display of advertisements in connection with the use of websites (advertising cookies) and cookies that allow you to reach you with personalized advertising on social networks (social media cookies). Below you may find more information about the individual categories of cookies that we use on the website.

The use of analytical, marketing and functional cookies requires your consent. If you wish to accept all cookies, click "Accept All". If you do not agree to our use of cookies other than essential cookies, please click „Reject all”. To change cookie preferences, move the slider next to the selected category and press "Save settings and close". You have the right to inspect your settings and to change them at any time. Remember that you can withdraw each of your consents at any time by changing the selected settings and clicking "Save settings and close". The withdrawal of individual consents does not affect the lawfulness of the processing carried out before the consent was withdrawn.

The use of cookies involves the processing of your personal data regarding your activity on the website. Detailed information on how we and our partners use cookies and process your data, as well as your rights, can be found in our Privacy Policy.

Strictly Necessary Cookies

Our use of strictly necessary cookies is indispensable for the website to run properly. These files are installed in particular for the purpose of remembering login sessions or filling in forms, as well as for the purposes related to the choice of the privacy options.

Analytical cookies

Analytical cookies make it possible to check the number of visits and traffic sources on our website. They help us find out which pages are more and less popular and understand how visitors navigate the page. This allows us to analyze statistics and improve the performance of our website. The information these cookies collect is aggregated thus it is not intended to identify you. If you do not allow these cookies, we will not know when you visited our website.

Functional cookies

Functional cookies remember and adapt the website to your choices, e.g. language preferences. You can set your browser to block or alert you in case essential and functional cookies appear, however this will result in some parts of the website not working properly.

Advertising cookies

Advertising cookies allow you to adjust the displayed advertising content to your interests, not only on our website, but also outside it. They can be installed by advertising partners through our website. Based on the information from these cookies and activity on other websites, your interest profile is built. Advertising cookies do not directly store your personal data, but identify your web browser and hardware. If you do not allow these cookies, we will still be able to show you advertisements, but they will not be tailored to your preferences

Social media cookies

These cookies are installed by our partners to match the advertising content you use on the social media that is displayed to you. Based on the information from these cookies and activity on other websites or in social media, your interest profile is built. As a result, the displayed content is tailored to your individual needs. Social media cookies do not directly store your personal information, but identify your web browser and hardware. If you do not allow these cookies, we will also not be able to prevent you from seeing the same ad or allow you to like and share our content on social media.

Save settings Accept all