Gazeley, one of Europe’s leading logistics property developers, has signed an agreement with Pla-za, the real estate company of the Government of Aragon, to develop a 38-hectare site in Zaragoza in North-east Spain. This high profile site will form the first phase of Magna Park Plaza, a dedicated multimodal logistics park within the Pla-Za development.
Jointly owned by the City of Zaragoza and the Government of Aragon, the land is directly connected to the A2 motorway and will be one of the few locations in Spain to offer connections to a European gauge railway system. Gazeley plans to develop up to 190,000sq m of logistics space – in units ranging from 10,000sq m to up to 50,000sq m – specifically for leasing.
Gazeley is pursuing its vision of “being the customers’ preferred developer of distribution space across Europe” and has commenced a roll-out of its Magna Park concept on the mainland.
In total, Gazeley intends to develop a network of 30 dedicated logistics parks, all based on the same principles as its highly successful Magna Park UK in Leicestershire – one of Europe’s largest dedicated distribution parks. The Magna Park format is master-planned for large-scale logistics users and distributors, with multimodal transport connections and high quality buildings within a heavily landscaped environment.
Eight Magna Parks are already underway in France (Magna Park Arras, Magna Park Pagny and Magna Park Fos), Germany (Magna Park Kassell, Magna Park Berlin and Magna Park Butzbach) and Belgium (Magna Park Belgium). Magna Park Plaza will be Gazeley’s first major development on the Iberian Peninsula.