Trammell Crow Company and CBRE Investment Management, on behalf of a fund sponsored by the firm, have started construction on the first building at Blue Hub Logistics Park, a large-scale logistics complex in the Madrid metropolitan area. The milestone follows Trammell Crow Company and CBRE Investment Management receiving the building permit for the first phase of the master plan, after acquiring the 40-hectare (99-acre), plot in 2025.
Blue Hub Logistics Park will comprise approximately 250,000 square meters (2.7 million square feet) of gross leasable area, expected to be delivered over multiple phases. The project is designed to provide a flexible mix of speculative and build-to-suit logistics space, responding to occupier demand in Madrid’s southern logistics corridor.
Located in Illescas, approximately 32 kilometers (20 miles) south of Madrid’s city center, the site benefits from immediate access to the A-42 motorway, connecting Madrid with Toledo and the south o
