Acquired in 2024 on behalf of Hines' European Core Fund (HECF), the logistics warehouse in Ribarroja de Turia, Valencia, spans over 55,000 square metres and holds a prime position within Valencia's main logistics district. Situated just 19 km from the city, it boasts seamless connectivity via key highways, including the AP-7 and A-3, linking it to Madrid and other major regions.
Built in 1996, the property is a standout due to its sustainable features. It holds a BREEAM 'Very Good' certification and is equipped with an expansive rooftop solar panel system, one of the largest in Spain’s logistics sector. Nexus Ribarroja is fully leased to Carrefour, Spain’s second-largest supermarket chain, serving over 250 stores across Spain’s east coast.
This acquisition represents Hines' inaugural investment in Valencia, marking a strategic expansion beyond Madrid and Barcelona.