Boreal IM has significantly increased its development and leasing activity in Spain, focusing on its 100,000 m² logistics portfolio. The firm has started a 16,000 m² extension at its Girona warehouse, which will support global e-retailer TradeINN's distribution hub. The extension, set to be completed in Q3 2025, will be built to the highest specification and target BREEAM ‘Excellent’.
Additionally, Boreal has achieved 70% occupancy at its 54,500 m² VOLA Alcalá Logistics Park in Madrid’s Henares Corridor. Completed in September 2024, the facility secured a long-term lease with logistics provider Arcese and a Spanish third-party logistics company. The property, also BREEAM ‘Excellent’ certified, features rooftop photovoltaics and EV charging.
Nikos Koulouras, Partner at Boreal IM, commented, “Our recent activity in Spain exemplifies the many strings to Boreal’s bow: our ability to identify specific markets with strong fundamentals, to work across the risk spectrum, and to attract top tenants. We have a multi-disciplined, vertically integrated team that moves quickly to execute our strategies, which we see as key to creating one of Europe’s leading logistics portfolios.”
Boreal’s total portfolio spans 1,255,000 m² across 45 assets in the UK, France, Germany, the Netherlands, Italy, and Spain.
