Mileway, the leading pan-European last mile logistics real estate company, today announces it has expanded its presence in Spain with the acquisition of a multi-let asset in Pamplona from SANCO-GM, UTE, a local general contractor headquartered in Pamplona and Zaragoza, with a presence across northern Spain.

The property spans more than 22,500 sqm and forms part of Ciudad del Transporte, a new prime industrial estate in Pamplona. The property is occupied by a diverse range of customers including Disayt, a logistics services provider, and Distribuciones Pedagogicas, a book publisher and distributor.

“The acquisition of this high-quality asset builds on our strong presence across Spain’s major cities by expanding our footprint to Pamplona and further growing our Spanish portfolio.”

Guillermo Ravell, Spain Country Director at Mileway

Mileway’s portfolio in Spain consists of 65 assets and over 500,000 sqm, with a presence in all major cities across the country. Since Mileway’s launch last year, its portfolio in Spain has grown by more than 20%.

Guillermo Ravell, Country Director Spain, Mileway said: “The acquisition of this high-quality asset builds on our strong presence across Spain’s major cities by expanding our footprint to Pamplona and further growing our Spanish portfolio. The region is a growing logistics hub and one we look forward to supporting by providing well-located assets that meet our customers’ needs.”