Savills Investment Management (“Savills IM”), the €26.2 billion (AUM) international real estate investment manager, has acquired Logistic Park Manises, a newly constructed logistics building in the first ring of Valencia, from developer Scannell Properties. The acquisition, which exceeds €20 million, was made on behalf of Savills IM’s European logistics fund.
The asset comprises 19,284 sq m of warehouse space with 20 loading docks, ancillary offices and annex buildings on a 26,065 sq m site. Speculatively developed in 2023, it is fully let on a long term lease to a blue chip logistics operator, underscoring the property’s locational appeal and build quality. The facility holds a BREEAM “Very Good” certification, reflecting its sustainable design and energy efficient features.
Situated in the La Cova industrial estate in Manises, the property lies just 5 km from Valencia Airport, 16 km from the city centre and 24 km from the port of Valencia, Spain’s busiest container port. Excellent connections to the A-3 (Madrid Valencia) and A-7 (Mediterranean Corridor) motorways provide swift nationwide distribution.