Panattoni and Newport Logistics Fund II are set to develop a 24,200 sq m build-to-suit facility for Leroy Merlin in Antequera, southern Spain, capitalizing on the region's logistics growth driven by e-commerce.
Target Information
Panattoni, a leading logistics real estate developer in Europe, is collaborating with Newport Logistics Fund II to construct a 24,200 square meter build-to-suit facility intended for Leroy Merlin, a prominent French home improvement retailer. The facility will be situated in Antequera Business Park, located in southern Spain's Andalusia region, which is rapidly emerging as a logistics hub.
This new development aims to support Leroy Merlin's objective of establishing operations close to significant consumer centers and critical ports in Spain. With the intention to commence construction as early as summer 2025, Panattoni has submitted a request for a construction permit following the acquisition of this strategically positioned site.
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Industry Overview
The logistics real estate sector in Spain, particularly in the Andalusia region, is witnessing robust growth, primarily driven by the surge in e-commerce activities. Significan
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