Scannell Properties acquires 22,500 square metre site at Montornés del Vallés, North Barcelona
Scannell Properties, the real estate development and investment company specialising in large-scale industrial and logistics projects, has acquired a 22,500 sqm site in Montornés, 20 km north of Barcelona, Spain. Scannell will redevelop the land with a 13,500 sqm logistics platform, due to be completed in the first quarter of 2023.
The new building will be designed for logistics, distribution and e-commerce companies that require a modern, last-mile, high-flow distribution centre. Scannell will be targeting a BREEAM Very Good certification as part of the design, reflecting its commitment to developing sustainable spaces in all markets where it is active. The logistics warehouse will incorporate a number of eco-friendly features including provision for photovoltaic panels, LED lighting throughout the building and electric vehicle charging points.
The site is located extremely close to Barcelona (a 23-minute drive to the port), in the Vallés industrial zone. There is easy access to the AP7, which connects Barcelona to France, and it is adjacent to the Barcelona-Catalunya Formula 1 motorsport circuit.
Javier Inchauspe, Director General, Spain at Scannell Properties, commented:
"We are witnessing unprecedented demand for logistics sites in and around Barcelona, where there is a scarcity of land and a lack of assets that are fit for purpose for modern-day logistics requirements. Repurposing brownfield sites, such as this one in Montornés, is a perfect example of how to release much-needed space in a sustainable way.
This will be the company’s second speculative project in the Barcelona market, following its acquisition, in June last year, of a 41,500 sqm site at Santa Perpetua de Mogoda, where it is developing a 21,000 sqm logistics facility.
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. Headquartered in Indianapolis, the company has offices in the United States, Canada, France, Germany, Italy, Spain and the United Kingdom. Scannell Properties has completed over 470 development projects totalling 12 million sqm.