CooperVision, one of the world’s largest contact lens manufacturers, has closed a deal with Montepino, a leader in “inmologistic” developments in Spain, for the rental of the US company’s future logistics warehouse. The new building will be located in the Madrid municipality of Alcobendas and construction is scheduled for completion in June 2018.
Cushman & Wakefield, a leader in real estate services, advised CooperVision Iberia in the rental operation. This is a turnkey project that will cover a surface area of 6,300 m² with the possibility of further expansion of up to 2,000 m² in the future. According to the vice-president of operations at Montepino, Juan José Vera, the building will be “very modern, iconic, and above all, functional; it may even be the most modern, vanguard facility in Spain.”
Montepino expects that this new asset, which will be included in the recently created joint-venture portfolio between the company and the manager CBRE Global Investors, the goal of which is the development of some 500,000 m² of prime logistics assets in Spain in the next three years—will obtain the LEED Gold certification, joining other projects developed by the Aragon-based company already in possession of this important and prestigious international recognition.
The associate and national director of the Logistics and Industrial Department at Cushman & Wakefield, Guillermo García-Almuzara, remarked that the new property will enable CooperVision “to centralise all of its Iberia logistics at the same location,” adding that the transaction is intended to ensure that the multinational is “much more efficient and can continue to lead the sector.”
Montepino’s Juan José Vera applauded CooperVision’s decision in opting for Alcobendas. “We have observed that a location in central Spain is the current and most favourable trend for companies aiming to perfectly optimise their logistics.” As such, the Alcobendas industrial estate, traditionally associated with the health and pharmaceutical industries, is, “without a doubt, the primary logistics hotspot, where major national and international operators are present,” Vera said.
According to García-Almuzara at Cushman & Wakefield, “We rely a great deal on areas like the Alcobendas estate for companies that seek a good location close to consolidated business areas. The installation of some very prominent companies in recent months and CooperVision’s choice makes us think the entire area may undergo a resurgence.”