Eurofund Logistics Capital Partners closes deal with Costco Wholesale to develop its first European fulfilment centre in Spain – Retail Times


Eurofund Logistics Capital Partners (ELCP) has closed a major deal with Costco Wholesale for the international chain of membership warehouses’ first logistics centre in continental Europe, a 140,000sq m grade A facility located in Torija (Guadalajara), one of Southern Europe’s prime logistics corridors, along the strategically-important prime A2 Henares Corridor at 75 km from Madrid.

Costco Wholesale, the third largest retailer in the world by revenue volume continues its strong growth and expansion across Spain and continental Europe.

This is a key large scale development in Spain and is the result of ten months of collaboration, in which both parties, together with the construction engineering Ingeniería Valladares, Broadway Malyan and Krean as technical teams , the advisory of TPC-The Property Company and the legal support of Evergreen Legal and HSF-Herbert Smith Freehills, acted together to develop the project and obtain all due licenses, with thanks also to Torija’s Council for their diligence and professionalism to facilitate such a large operation.

Marco Galbusera, Eurofund Logistics Capital Partners managing director, commented: “This deal marks a significant milestone for the growth of ELCP as we continue to power up and strengthen both our team and portfolio to deliver best in class logistics buildings in Spain and across Europe, and creating impact in the markets in which we operate.”

Diane Tucci, Country Manager of Costco Spain, commented “This important acquisition will allow Costco to open a cross-dock distribution facility to support our existing and future buildings, underlining Costco’s commitment to continued growth and expansion in the Spanish market.”

Southern Europe prime logistics hub

Torija is strategically located in the Henares Corridor, the most important logistics Hub in the Madrid influence area due to its connection to Zaragoza, Barcelona and France and is an important place of transit for goods distribution between Europe and Africa, with the main logistics, distribution and e-commerce companies located in it.

The landmark 140,000sq m site was one of the JV’s first acquisitions (in 2018) and is set within a well- established logistics park amongst large logistics occupiers such as Leroy Merlin, Primark and Bridgestone.





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Eurofund Logistics Capital Partners (ELCP) has closed a major deal with Costco Wholesale for the international chain of membership warehouses’ first logistics centre in continental Europe, a 140,000sq m grade A facility located in Torija (Guadalajara), one of Southern Europe’s prime logistics corridors, along the strategically-important prime A2 Henares Corridor at 75 km from Madrid.…