MOUNTPARK PRE-LETS 12,590 SQM TO TXT LOGISTICS AT ILLESCAS III IN CENTRAL SPAIN.15th July 2022
Mountpark has announced the pre-let of 12,590 square metres to TXT Logistics at Mountpark Illescas III, an inventory logistics unit at the Iberum Central Platform, south of Madrid prior to practical completion.
The new building, which is due to complete shortly, forms part of Mountpark’s 188,000 square metre logistics development programme at Illescas, which has been designed to meet the rising demand for modern, energy-efficient logistics facilities in central Spain.
“We are delighted to start work at this new logistics platform in Illescas. Mountpark Illescas III offers everything TXT was looking for in the area. Its excellent location, with unbeatable connections across the Iberian Peninsula, will allow us to expand our operations in the south of Madrid and move forward with our expansion plan in Spain,” said Marc Castells, President at TXT.
The pre-let to TXT follows the letting of the first two phases of Mountpark’s development at Illescas. Mountpark Illescas I is let to Carreras Grupo Logístico for its 85,624 square metre multi-client logistics operation, while Mountpark Illescas II is a 44,747 square metre e-commerce distribution centre operated by GXO. In January 2022, Mountpark started on site at Mountpark Illescas IV, a 46,000 square metre inventory development, which is on schedule to complete in January 2023.
“We are pleased to welcome TXT Logistics to Illescas,” said Guillermo García-Almuzara, Development Director, Iberia at Mountpark. “We aim to offer our customers the best logistics property opportunities on the market and Illescas has become a prime location for logistics operators in Spain.”