In the industrial market, the alliance between Grosvenor and Grupo Lar has already produced various industrial park schemes. A portfolio is under development with projects on the outskirts of Madrid, Zaragoza and Valencia. The total area exceeds 200,000 sq m with an investment value close to 250 million euros. There are plans to add 2 similar projects, located in Málaga and Barcelona.
Spain’s “Economic Activity Parks” (PAEs) are destined for industrial use or to serve as an industrial showcase, but with the service and design credentials of a suburban office park: high quality finishings and special attention paid to areas such as car parks, gardens and inner roads