In 2024 Hines completed the construction of its state-of-the-art logistics project located in the Atalayuela industrial park (Madrid). The complex was acquired in 2021 by Hines' European Value Fund 2 (HEVF2) and is the fund's first logistics investment in Spain to offer new high-quality space in a market with scarce supply. The two adjoining assets were acquired from a private investor and Acciona's real estate division respectively. The first is a 21,000 square meter plot, while the second is a 10,000 square meter turnkey project. Both class A logistics facilities are BREEAM Excellent certified.
The Atalayuela industrial estate in Madrid's Vallecas district is just 6 kilometers from the city center and has excellent access to the M-50, M-40 and A-3 highways.