Europe

Rockspring to develop Spanish logistics

Rockspring Property Investment Managers has signed an agreement to develop a logistics facility in Sant Esteve Sesrovires, near Barcelona.

The facility will provide 300,000 sq ft of warehouse space, 32 dock doors and 14,000 sq ft of office space.

Industrial property group Goodman will begin development in August and completion is expected in March 2017.

The property will be marketed and managed by Rockspring, which already manages €.8 billion of assets mainly in France and the UK.

John Thompson, director at Rockspring Iberia, said: “Against a Barcelona market backdrop of strengthening occupier demand, contrasted with a very limited supply of available quality stock, we believe this is an optimum point in the cycle at which to be developing and delivering to the occupational market this state-of-the-art scheme, which comes with the added benefit of Goodman’s expertise and track record.”

Other News

Here’s looking at YOO

“Waking up worrying in the middle of the night, feeling like the sky is falling on your head, is a sensation most successful people have… Read more »

E Europe

CC Land’s next big play

When Dickie Wong is in London his phone doesn’t stop ringing. The CC Land deputy chairman, who led the £1.15bn acquisition of the Cheesegrater, EC3,… Read more »

E Europe

New ULI president Chris Choa puts focus on connectivity

“Connectivity is destiny.” It sounds more like the tagline of an epic Hollywood film trailer than the mantra of the Urban Land Institute’s new UK president. But… Read more »

E Europe