Torija, Madrid

With Spain being a key market for Kajima’s European expansion plan, the fifth investment in Spain has been attained alongside partners, Panattoni, acquiring an 80,000 sqm development in the industrial complex of Torija, Guadalajara.

The area of the development allows flexibility to combine several purposes, with current plans to house offices across 2,000 sqm of the space. The acquisition will be built in line with Kajima’s ESG strategy, to BREEAM ‘Very Good’ guaranteeing high sustainability standards throughout the complex, including a photovoltaic plant, low-consumption lighting and electric chargers to provide clean energy to electric vehicles. The complex is currently housed to international brands such as Primark and Bridgestone.

Kajima plan to offer capital growth driven by demand and lack of available Grade A logistics warehouses in Spain.