EVC launches real estate project in Madrid
After successfully financing a total project volume of over EUR 1 billion in Germany, Engel & Völkers Capital AG (EVC) has successfully completed the first tailor-made financing solutions for two real estate project developments on the Spanish market: a logistics park in Madrid with almost 42,000 sqm of total space and a Micro Living property.
Triggered by the e-commerce boom, demand for logistics properties in the Spanish metropolitan regions has risen sharply. EVC has succeeded in financing a property with a very good inner-city connection - only 20 minutes from the centre of Madrid, with direct access to the city’s subway and a connection to the motorway network - for a logistics project tailored to the requirements of the "last mile".
The nearby A-4 motorway is one of the most important industrial and logistics corridors to the south of the Spanish capital. (mw)