Madrid, Spain

Illescas I

Type
Development
Square Feet
921,649 SF
Asset
Industrial/Logistics
Strategy
Core

In 2020, Mountpark Logistics EU S.a.r.l., a joint Venture between USAA Realco Holdco B.V. and Mountpark Finco S.a.r.l, developed a modern 85,624 m2 (921,649 SF) logistics facility in Illescas, Spain, approximately 40 km (25 miles) South from Madrid.

 

Project highlights

  • Illescas I is the largest inventory development undertaken in Spain and has unique specifications, including a class A office fit-out and a roof top terrace.
  • The project completed in late-December 2020 and was leased within 30 days following practical completion to Carreras, a Spanish third-party logistics provider.
  • Central Platform Iberum, the park at which Illescas I is located, is widely regarded as one of the prime logistics locations in Madrid, benefitting from direct access off the main highway linking Madrid to the South of Spain.
  • The Spanish logistics market benefits from dynamic leasing activity and strong investor sentiment for prime logistics assets.

 

Status

The Project was completed in late-December 2020 and is 100% leased to Carreras.

LOCATION DETAILS

45200 Illescas, Toledo, Spain