Barcelona, August 5, 2021 - Thor Equities Group, a global leader in urban real estate development, leasing and management, is pleased to announce a long-term lease with logistics operator, Moldtrans Group, at strategically located asset in Barcelona.
MDK, the logistic arm of leading transport company Moldtrans Group, will occupy over 10,500 square meters at Thor’s asset in Argentona. The logistics warehouse is advantageously located in the Vallés area, north of Barcelona, adjacent to the highway that connects Spain with France. MDK has a wide presence in the national market and operates 18 logistics centers in the Iberian Peninsula. With this lease, Thor achieves full occupancy of the asset and approaches stabilization of its industrial portfolio in Spain.
“We are thrilled Moldtrans Group has selected Thor’s asset in Barcelona to accommodate their growing portfolio in Spain and look forward to building a strong relationship with one of the country’s leading operators,” said Chairman of Thor Equities Group, Joe Sitt.
Thor is currently developing three speculative logistics properties in Madrid totalling 30,000 square meters which is expected to be delivered by Q4 2021, one of which was pre-let to Grupo Prodesco. Thor has also acquired three new assets in the past few months, including a warehouse leased to Amazon in Galicia in the north-west of the country, and two assets in Barcelona´s prime logistic area, in the municipalities of Montcada i Reixac and El Prat de Llobregat, as well as an industrial asset in France.
ABOUT THOR EQUITIES GROUP:
Thor Equities is a leader in the development, leasing and management of office, industrial, laboratory, residential, hotel and mixed-use assets in premier urban locations worldwide. The company operates in major cities around the globe and has a property portfolio totaling $20 billion with a development pipeline in excess of 50 million square feet. Thor has a strong presence on three continents and in addition to its US holdings, the company has assets in European gateway cities including London, Paris, Madrid, and Milan, and is the largest developer in Mexico through its Latin American division with a development pipeline of over 18 million square feet. Thor maximizes returns for institutional investors by recognizing a property’s potential, reducing operating expenses, increasing tenant satisfaction, leveraging market trends to maintain a long-term competitive edge. For more information, visit www.thorequities.com.