Thor Equities Group Acquires Development Site in Madrid’s Coslada Submarket

Ideally located five kilometers from Madrid’s city center in Coslada, Thor has acquired a land plot to be developed into a 4,730 square meter best-in-class warehouse with an additional 280 square meters of office space. One of the best locations for last-mile logistics, the Coslada submarket connects the city of Madrid with the Madrid-Barajas airport and offers direct access to routes leading to the Eastern region of the country. Coslada has very limited availability and low vacancy, demonstrating its strategic location outside of one of Europe’s most populous cities.

“The Coslada submarket has become one of the most sought-after locations for industrial projects in Spain,” said Chairman of Thor Equities Group, Joe Sitt. “Featuring excellent connectivity to benefit last-mile distribution, our site offers a rare opportunity to meet the growing demand for e-commerce. We continue to see value in Spain’s logistics market and look forward to further investing in this strong sector.”

In 2021, Thor has acquired over a dozen well-located assets throughout Spain in Madrid, Barcelona, Vigo, and Sevilla comprised of existing warehouses, offices, and development sites. Also in Europe, Thor recently announced the execution of a lease with OXY2KM at Thor’s first French logistics asset in Villeneuve la Garenne. In North America, Thor entered logistics markets in Atlanta, Dallas, Chicago, Philadelphia, Los Angeles, and Northern New Jersey in recent months.