Maslow Capital finances DCRE’s Spanish logistics project

Maslow Capital has provided a €40 mln loan to Dunas Capital Real Estate (DCRE) for their Alma Meco project.

Dunas CGI

This development is poised to become the largest logistics land bank in the Community of Madrid and one of the largest in Spain. The funding gives DCRE a controlling stake, enabling it to proceed with what is expected to be the largest logistics megaproject in the Spanish market.

Alma Meco spans over 1.6 million m2 with a buildable capacity of nearly 1 million m2. It will feature eight large plots (120,000 to 400,000 m2) for industrial and logistics use, catering to operators needing XXL logistics facilities. The park emphasises sustainability and energy efficiency, targeting logistics companies, major retailers, e-commerce platforms, and data centres.

Strategically located 35 kilometres from Madrid along the A-2 corridor, with direct access to the R-2, and 25 kilometres from the Coslada-San Fernando logistics hub and Madrid-Barajas Airport, the development is ideally positioned for national and international distribution. The project is projected to attract around €1 bn in investment and create over 5,000 direct jobs, with infrastructure work set to begin in January 2027.

Emilio Silvestre, managing director, head of Origination (Spain), at Maslow Capital, said: “Spain represents an important market for Maslow Capital within our broader European strategy. This transaction demonstrates our ability to finance complex, high-impact real estate projects alongside top-tier partners such as Dunas Capital Real Estate, further strengthening our track record in the European logistics sector.”

Miguel López Puche, CEO of Dunas Capital Real Estate, commented: “The consolidation of our position in Alma Meco is a decisive milestone in the development of the project. This controlling position allows us to move forward with the certainty and scale required to deliver the largest logistics park in the Community of Madrid.”

José María Sagardoy, CEO of Dunas Capital Debt, added: “This transaction demonstrates our ability to structure tailor-made financing solutions for land transactions of significant complexity and scale. Alma Meco is a transformational project for the Spanish logistics market, and having a lender with Maslow Capital’s track record is an unequivocal sign of the strength of the project and the sponsor team.”