Thor Equities Group purchases site for warehouse development in Spain

Thor Equities Group has made its 17th industrial investment in Spain with the acquisition of a development site in Coslada.

Thor Equities paid €4.8 million ($5.4 million) for the property, which is 5 kilometers (3.1 miles)  from Madrid’s city center in Coslada. Thor has acquired a plot to be developed into a 4,730-square-meter best-in-class warehouse with an additional 280 square meters of office space.

“The Coslada submarket has become one of the most sought-after locations for industrial projects in Spain,” said Joe Sitt, chairman of Thor Equities Group. “Featuring excellent connectivity to benefit last-mile distribution, our site offers a rare opportunity to meet the growing demand for e-commerce. We continue to see value in Spain’s logistics market and look forward to further investing in this strong sector.”