AMB Property Corporation, the San Francisco-based property developer and owner, has leased more than 14,600 m[sup]2[/sup] in a development adjacent to Madrid's Barajas International Airport to three customers. The main tenant is food and beverage group Leche Pascual, which is taking up 9,700 m[sup]2[/sup] and will use the facility for distribution throughout Madrid and the Iberian peninsula.
AMB Property Corporation, the San Francisco-based property developer and owner, has leased more than 14,600 m2 in a development adjacent to Madrid's Barajas International Airport to three customers. The main tenant is food and beverage group Leche Pascual, which is taking up 9,700 m2 and will use the facility for distribution throughout Madrid and the Iberian peninsula.
'Madrid's Barajas International Airport has undergone significant expansion recently, including the construction of two runways, a new domestic terminal and an international terminal,' said Mo Barzegar, AMB's managing director, Europe. 'AMB has attracted multiple customers to our flagship project at Barajas, AMB Barajas Logistic Park, shortly after its official opening, which was timed with the expansion of the airport.'
Located across the street from the eastern perimeter of the airport's cargo zone, AMB Barajas Logistics Park totals more than 41,300 m2. As of 30 June 2008, AMB’s portfolio totalled more than 1.2 million m2 of facilities operating and under development, including air cargo facilities at Amsterdam Airport Schiphol, Brussels Zaventem Airport, Charles de Gaulle International Airport in Paris, Frankfurt International Airport and Heathrow Airport in London, in addition to Madrid Barajas International Airport
