ELCP closes major deal with Costco Wholesale

Eurofund Logistics Capital Partners closes major deal with Costco Wholesale to develop its first European fulfilment centre in Spain.

Eurofund Logistics Capital Partners (ELCP) has closed a major deal with Costco Wholesale for the international chain of membership warehouses’ first logistics centre in continental Europe, a 140,000 sqm grade A facility located in Torija (Guadalajara), one of Southern Europe’s prime logistics corridors, along the strategically-important prime A2 Henares Corridor at 75 km from Madrid.

Costco Wholesale, the third largest retailer in the world by revenue volume continues its strong growth and expansion across Spain and continental Europe.

This is a key large scale development in Spain and is the result of ten months of collaboration, in which both parties, together with  the construction engineering Ingeniería Valladares, Broadway Malyan and Krean as technical teams , the advisory of TPC-The Property Company and the legal support of Evergreen Legal and HSF-Herbert Smith Freehills, acted together to develop the project and obtain all due licenses, with thanks also to Torija's Council for their diligence and professionalism to facilitate such a large operation.

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