Delin Revs up Prime Madrid Logistics Hub with Pre-let to WEG for New Warehouse

4th December, 2024 (London) – Delin Property, the fully integrated European logistics
warehouse specialist, has signed a pre-let agreement with WEG, the listed multinational
group specialised in design, manufacturing and distribution of electrical machinery, for a
13,721 square metre warehouse it is developing in central Spain’s leading logistics hub.

WEG has signed a long-term lease for the new facility off Calle Bélgica in the Centro de
Transportes de Coslada (CTC), east of Madrid. The property will serve as WEG’s
headquarters in Spain and its principal distribution centre for the Iberian Peninsula.

Coslada is a magnet for occupiers because of its proximity to central Madrid and the
international air freight terminal at Barajas, as well as its excellent motorway links to the rest
of Spain and beyond. Amazon, DHL and FedEx are among the third-party logistics (3PL)
providers and e-commerce distributors that have already established a presence in Coslada.

Isaac Núñez, Delin Property’s Managing Director for Spain, said: “We are thrilled that
WEG has made a long-term commitment to become one of our tenants. We were able to sign
this pre-let barely one month after we took vacant possession of the site. That’s a reflection
of the quality of the location and the trust WEG has placed in us to deliver next year a
modern, sustainable facility that will set a new benchmark in Coslada.”

Delin Property acquired the 2.2-hectare site in September 2023 and is currently building a
4,300 sq.m. extension to the existing warehouse, which is also undergoing a total
refurbishment. The works, due for completion in third-quarter 2025, will deliver a building
qualifying for at least a “Very Good” sustainability rating from BREEAM.

The new enlarged facility will feature more than 2,700 sq.m. of high-end office space. The
warehouse section will have 19 dock level doors, two large truck manoeuvring areas – each
more than 45 metres deep, - 360-degree circulation and 53% site cover.
Knight Frank and CMS advised Delin Property on the leasing transaction.

Ends

Notes to Editors:

About Delin Property
Delin is a fully integrated specialist in European logistics active today in the UK,
Netherlands and Spain. The Company currently owns and or operates 530,000 square metres
of distribution space across the three markets. For more than a decade the company has been
developing, leasing and managing logistics properties for its own investment or acting for
third party investors, including its Dutch Logistics Fund and Blackstone funds. The
company has ambitious plans to grow its platform through logistics real estate funds, offering
institutional investors access to an attractive asset class in which it has deep expertise. To
find out more about Delin Property, please visit our website https://www.delinproperty.com/
 

About WEG
Founded in 1961, WEG is a leading manufacturer of electrical and mechanical equipment for
industrial sectors worldwide. With manufacturing sites in 17 countries and a presence in
more than 160 countries, the company has more than 45,000 employees worldwide, with net
revenues in 2024 of more than EUR 6.5 billion.
Offering high-performance products and systems for a wide range of industrial sectors,
including water, steel, paper, oil and natural gas, and mining, WEG is constantly developing
its technical expertise to meet the important requirements of fields such as energy efficiency,
renewable energy, sustainability, and electric mobility.
For more information, visit www.weg.net
 

Media contact
Simon Packard
simon.packard@headlionconsulting.com
phone: +44 7701 089844