Garbe Industrial Real Estate acquires development site near Madrid

Garbe Industrial Real Estate GmbH has expanded its presence in Spain with the acquisition of a 24,000-square-metre development site in Alcalá de Henares, located northeast of Madrid. The site will accommodate a logistics facility with a planned built area of approximately 12,500 square metres. The total investment is expected to be around €15 million.

The property lies close to the A2 motorway, a key route linking Madrid and Barcelona. Its location, around 30 kilometres from Madrid’s city centre, was a decisive factor in the acquisition. “We are pleased to have secured land in such a strategically advantageous area,” said Sven Schoel, Managing Director of Garbe Industrial Real Estate in Spain.

Plans for the development include approximately 12,000 square metres of warehouse space and 500 square metres designated for office and staff facilities. Construction is expected to begin in early 2026, with project completion anticipated by the end of that year.

This marks Garbe’s third project in Spain, following acquisitions in Numancia de la Sagra in the province of Toledo and in the greater Barcelona area. “The logistics sector in Spain offers strong growth prospects,” added Schoel. “We are pleased to be expanding in another key location with this project in Alcalá de Henares.”

The acquisition was supported by real estate consultancy CBRE and law firm Gómez-Acebo & Pombo.