PRESS RELEASE

Montepino is to build the largest cross-docking logistics platform of the largest decade in Madrid

The Aragón-based company has strengthened its position as the largest logistics company in Spain following the development and sale of its latest project for over €75 million

 

Madrid, Miércoles 17 de Mayo de 2017

The municipality of Coslada in the province of Madrid will soon be host to a new, advanced logistics platform dedicated to cross-docking. This was announced on Wednesday by Juan José Vera, the Vice President of Operations at Montepino, a company specialising in "turn-key" solutions. In total, this project will consist of 25,000 m2 which will be exclusively occupied by one of the largest companies dedicated to courier services and transportation in Spain. This project is "unique," as since the beginning of the economic crisis, "no similar projects had been undertaken, either in terms of size or the features of the building," confirmed Vera.

The Vice President has stated that Coslada is the "most sought-after" location by large courier companies, which value "its central position for distribution across the country, as well as its proximity to the city of Madrid." They also value "the numerous access routes and links to the rest of the country, including the Adolfo Suárez Madrid-Barajas airport, which is only eight kilometres away." The M-23, M-40, M-45 and M-50 motorways, as well as direct access to the A-2 motorway, are some of the entry and exit routes which employees and clients of the courier company will be able to use.

Thanks to the cross-docking nature of the platform, over 120 vehicles will be able to transfer goods and documentation to and from different locations in Spain and abroad. The platform developed by Montepino will feature 110 loading bays for vans or light industrial vehicles to unload, as well as a further 10 adapted to large trailers.

With regard to time frames, Juan José Vera estimates that the platform will be ready to deliver to the client in February 2018, although he clarified that "it will not be fully operational until the end of that year." "This company will require the installation of highly technological machinery over its built-up area of 13,800 m2, so there may be a discrepancy between the time frames," he specified.

Over the last three years, Montepino has managed to strengthen its position as "the largest developer of logistics space in Spain," Vera emphasised. "Of the total 400,000 m2 placed on the market over the last 12 months, 163,000 m2 of those correspond to projects developed by our company, representing a market share of over 40%," he noted.

SUCCESSFUL PROJECTS

A few days ago, the Aragonese company finalised the sale of one of its "star" projects, the SI-20 logistics platform of over 240,000 m2, which was built in the municipality of Cabanillas del Campo (Guadalajara) and which has been bought by the real estate investment trust (REIT) Merlin Properties for over €75 million. This consists of a "successful" operation which was closed at the end of 2015, Vera has said.

In total, 152,000 m2 have been built upon and fully occupied, with Montepino receiving "over €75 million" for their sale, the company's Vice President of Operations has revealed.

He pointed out that the four buildings that make up the platform – the smallest of which covers 19,000 m2 and the largest covering 53,000 m2 – are now all occupied by some of the "most important" logistics companies operating in Spain: Logista, XPO and Luís Simões. The latter decided to "opt for the platform we built to set up as their operations centre and centralise their warehouses which serve the whole country logistically," he added.

Moreover, it should be noted that this project undertaken in Cabanillas del Campo, as well as all the other projects Montepino is currently working on, comply with "the most demanding" environmental, energy and sustainable design certifications, Juan José Vera pointed out, reminding us that it has been awarded the LEED Gold certification.

It is therefore the first platform developed by a company in Spain to achieve this award, which is given by the US Green Building Council.

Future prospects for this Aragón-based company are "very bright," asserted Vera, who trusts they will continue to be "leaders" and maintain "the trust of our clients, who have enabled Montepino to become a leading company within and outside Spain."


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