21.500 sqm logistic asset in the Henares Corridor
The building is directly facing the A2 highway and was finished in 2004. It has a total built area of 21,500 sqm including 2,054 sqm of office space, on a plot of 33,280 sqm.
The warehouse is made up of 6 modules with 24 loading docks and 4 TIR gates. With a clearance height of 10 – 12 m it fits the requirements for most large volume operators. The building additionally meets the medium risk fire protection requirements suitable for most tenants. A mezzanine space for offices is present in every module.
KCRE acquired the asset in June 2015 for a group of Spanish Investors from a fund in liquidation with only a couple of orphan assets remaining in Spain. Our company actively managed this investment in order to reposition it again in the market as a core logistic asset. To achieve this we addressed the capex backlog and improved the tenant mix and net rent level, among other actions. The asset was successfully disposed within the Colombus Portfolio in February 2019.