Alantra has closed a Green Loan to finance the development of a sustainable logistics warehouse by Accolade in Vitoria, Spain, highlighting a strategic investment aligned with growing demands for environmentally friendly logistics solutions.

Target Information

The logistics asset under development is managed by Accolade, a Czech private real estate investment firm. The construction of the logistic warehouse, located in Vitoria, Spain, has reached an advanced stage and is expected to be completed by the end of 2022. This facility will feature a gross leasable area of 35,000 square meters and aims to achieve one of the highest BREEAM sustainability certifications, reflecting its commitment to sustainability, energy efficiency, and environmental protection.

Accolade is strategically expanding its portfolio across Europe, particularly in Spain, where it is currently overseeing six logistics projects. The new facility, situated in Jundiz, a key manufacturing and logistics hub in northern Spain, offers excellent access to the A-1 motorway, a vital transport corridor connecting the Iberian Peninsula with the rest of Europe.

Industry Overview in Spain

The logistics sector in Spain has been experiencing notable growth, driven by an increase in e-commerce and demand for efficient supply chain solutions. Spain's strategic