VGP Park San Fernando de Henares enters the final phase of development

  • VGP initiates development for PAACK, a leading Spanish company for scheduled last-mile deliveries in Europe, of a 11,500m2 cross-dock warehouse equipped with BREEAM Very Good certification
  • The developments in VGP Park San Fernando de Henares will be completed in 2021, covering 120,000 m2 of lettable space split over 8 state-of-the-art buildings
  • Like Rhenus and DSV, who already carry out last-mile operations from the park, PAACK will use the facility for last-mile logistics

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Madrid, 26 November 2020. VGP, a pan-European provider of high-quality logistics properties, takes a further step in the development of its logistics park VGP Park San Fernando de Henares, with the start of construction works of a new warehouse for PAACK, a leading company for last-mile deliveries across Europe.

The new 11,500 m2 facility consists of 10,700 m2 of warehouse space and 800 m2 for offices.

As Joan Lacosta, Country Manager of VGP in Spain, said – “This new project brings great benefits for both parties. For Paack, a first class, cross dock warehouse with a BREEAM Very Good rating will form the backbone of their last-mile activities. And, for our part, we are pleased to welcome yet another leading company from a high-growth sector in our park, with tailor-made facilities, adapted to the needs of Paack. All this while keeping energy efficiency and sustainability as a priority.”

Xavier Rosales, General Manager Iberia and Co-founder of Paack, highlights – “This project will guarantee high operational growth in the medium term, and we also expect to execute our sustainability plan with the implementation of dozens of EV charging points for sustainable distribution in Madrid, as well as the installation of solar panels for self-consumption.”

Paack also has among its projects the cross-dock and last-mile process robotization, being among the pioneers in the implementation of this technology in Europe.

With this new project, the logistics park enters its final phase of development, which represents an area of 225,000 m2 and will constitute the consolidation of a project with more than 120,000 m2 of lettable area occupied by Rhenus, DSV, Logwin, Noatum and ThyssenKrupp. Development activities started two years ago.

The development of the work will be carried out by CBC, a construction company specialized in industrial, logistics and tertiary buildings, while AXIS Property, a consulting firm specialized in real estate markets, has advised on the transaction.