Scannell Properties acquires 41,500 square metre site in Barcelona
Acquisition marks first speculative development for Scannell in Spain
Scannell Properties, the privately-owned real estate development and investment company specialising in large-scale industrial and logistics projects, has announced the acquisition of a 41,500 square metre land site at Santa Perpetua de Mogoda, one of Barcelona’s best-located industrial parks. The company plans to build a 21,000 square metre logistics facility as it commences its speculative development programme in Spain.
Located to the North East of Barcelona, the site benefits from close proximity to the C-33 and AP7 transport routes; providing links to the City of Barcelona in under 15 minutes and onward access to Madrid and France. The Port of Barcelona is also within 25 minutes’ drive.
With 1 delivery door per 900 m², the development will be designed for high flow logistics distribution and e-commerce companies seeking last generation class A, warehousing. The project boasts strong environmental credentials, including a target ‘Breeam Very Good’ certification. It will also feature a full ESG (Environmental, Social and Governance) model to not only improve the local environment but to enhance the wellbeing of all employees working there.
Construction is planned to start in the third quarter of 2021 with a target completion date of the second quarter, 2022.
This acquisition marks a second important milestone for the company which, earlier this year, appointed Javier Inchauspe as Director General for Spain.
Commenting on the acquisition, Inchauspe explained:
“The logistics facility we have planned for this site will make it a very unique development. It will have unparalleled usage flexibility, and can be adapted easily for one or more occupiers. This, coupled with the lack of available land in this highly desirable area, and the site’s ease of access to the main logistics routes into the rest of Spain as well as France, should prove very attractive to local and international occupiers.”
Amaury Gariel, Managing Director of Scannell Properties in Europe, added:
“We are proud to announce this acquisition which underlines our commitment to the Spanish market. As with many logistical hubs across Europe, scarcity of land in Barcelona means opportunities such as this are rare. We are pleased to have secured this site and to offer clients an exciting opportunity to obtain space in the region.”
Scannell Properties was assisted by Dentons and Mazars, with Global Realty Capital providing the financing for the project. Invertica and CBRE advised the vendor on the land sale and will be appointed as marketing agents.
Notes to Editors
Founded in 1990, Scannell Properties is a privately-owned real estate development and investment company that focuses on build-to-suit and speculative development of industrial and logistics facilities. With offices in the United States, Canada, France, Germany, Italy, the Netherlands, Spain and the United Kingdom, Scannell Properties has completed more than 360 projects with a total volume of 7.8 million square metres.