Savills IM achieves full occupancy at Malaga logistics hub

Savills Investment Management (Savills IM) has leased all units in its modern urban logistics complex in Malaga, Spain.

Malaga - Savills IM

This 42,500 m2 property, part of Savills IM's European Urban Logistics & Industrial Fund (EULIF), boasts a BREEAM Excellent rating, LED lighting, and a PV-ready roof.

Its strategic location near Malaga city centre, the airport, and major motorways offers excellent access to consumers and transport networks in Andalusia.

Spain is a key market for EULIF, which focuses on acquiring and developing core industrial and logistics assets.

The fund currently holds six assets totalling approximately 85,000 m2 in Spain, France, Sweden and Germany, contributing to Savills IM's broader €7.5 bn European industrial and logistics portfolio that includes 260+ assets in 11 European countries.

Evert Castelein, fund director, European Logistics, said: “Lease up at our Malaga asset is further proof that occupier demand is increasingly polarised, where occupiers are actively competing for well-located, high-quality and sustainable buildings that meet modern operational requirements, while older, secondary stock that is no longer fit for purpose falls behind. As we continue to deploy capital through EULIF, we remain highly selective, focusing exclusively on the strongest urban markets and the highest quality assets where we have clear conviction in the long-term fundamentals.”