Savills Investment Management acquires 19,284sq m Grade A logistics facility in Valencia for European logistics fund

June 2025

Frankfurt am Main / Madrid, 4 June 2025 – Savills Investment Management (“Savills IM”), the €26.2 billion (AUM) international real estate investment manager, has acquired Logistic Park Manises, a newly constructed logistics building in the first ring of Valencia, from developer Scannell Properties. The acquisition, which exceeds €20 million, was made on behalf of Savills IM’s European logistics fund.

The asset comprises 19,284 sq m of warehouse space with 20 loading docks, ancillary offices and annex buildings on a 26,065 sq m site. Speculatively developed in 2023, it is fully let on a long term lease to a blue chip logistics operator, underscoring the property’s locational appeal and build quality. The facility holds a BREEAM “Very Good” certification, reflecting its sustainable design and energy efficient features.

Situated in the La Cova industrial estate in Manises, the property lies just 5 km from Valencia Airport, 16 km from the city centre and 24 km from the port of Valencia, Spain’s busiest container port. Excellent connections to the A-3 (Madrid Valencia) and A-7 (Mediterranean Corridor) motorways provide swift nationwide distribution.

Gerhard Lehner, Head of Germany at Savills IM, says:

“With this purchase near Valencia, we have added another property with strong fundamentals and sustainability qualities to the portfolio. The asset is situated in an attractive urban location, adopts a flexible use of space and is let to a tenant with a strong credit rating. Even if the environment remains volatile, we are seeing opportunities in the European logistics market. We remain highly selective in our acquisition strategy for our funds and mandates in the sector, with focus on attractive risk/return profiles.”

Javier Inchauspe, Managing Director Spain at Scannell Properties, commented:

“Logistic Park Manises has attracted the interest of many logistics real estate investors who are seeing great potential in Spain’s third largest city. As a modern and sustainable warehouse with a first-class tenant, this property represents a strong investment for Savills IM and we thank them for a highly cooperative sales process.”

Valencia logistics market remains one of Spain’s most dynamic, characterized by limited supply and robust occupier demand. This transaction further expands Savills IM’s logistics platform, which now manages more than €6.5 billion of logistics assets across 11 countries for its various funds and mandates. The European logistics fund alone holds 19 assets with a volume of roughly €730 million and an occupancy rate approaching 98 per cent.

Savills IM received advice on the transaction from Baker McKenzie for all legal matters, Arcadis for technical support, PwC for fiscal and structuring issues, and JLL for commercial aspects. Scannell Properties received advice on the transaction from Gómez-Acebo & Pombo. Thanks to the streamlined coordination between these top-tier advisors, the transaction process was handled with great efficiency and precision, enabling a swift and smooth conclusion.

CONTACT US

Josh Carson

Montfort Communications

+44 (0) 7736 233 039

savillsim@montfort.london