Panattoni in partnership with Newport Logistics Fund II is to develop a 24,200 square metres build-to-suit facility near Málaga in southern Spain. The facility, located at Antequera Business Park in the rapidly growing logistics hub in the heart of Andalusia, will be developed for Leroy Merlin, the French home improvement retailer, which is seeking facilities near major consumer hubs and key ports in Spain.
Panattoni and Newport Logistics Fund, acting on behalf of its Newport Logistics Fund II, have just acquired the development site. Panattoni has requested a construction permit and is aiming to begin construction before the summer. The facility will become one of Panattoni's most significant assets in the Iberian Peninsula, as it will be part of the logistics network that the Andalusian government is developing to serve as a key link in the European Union’s supply chain, connecting Europe with Africa, the US and Asia.
The acquisition of this plot strengthens Panattoni’s commitment to Andalusia, a region experiencing remarkable growth in the logistics real estate sector, driven by the rise of e-commerce.
Source: property-magazine.eu on the 6 March 2025
https://www.property-magazine.eu/panattoni-and-newport-develop-leroy-merlin-facility-in-southern-spain-69815.html