Trammell Crow Company Completes and Leases Barcelona I&L Development

Trammell Crow Company (TCC), a global commercial real estate developer, has fully let a 14,152 sq m (152,330 sq ft) warehouse, and 77 parking spaces, near Barcelona prior to completion and to a single tenant, with a Spanish automotive company, taking the entire space.

The asset, known as CITYDOX Granollers, was developed and let by TCC as part of an agreement with AEW, a leading real estate investment asset manager, which acquired the site from TCC last year on behalf of its Logistics development fund. The building was completed in August ahead of schedule.

The scheme is built to BREEAM Excellent rating, an EPC A certification, and construction that enables full photovoltaic rooftop installations. TCC also designs its assets to reduce the embodied carbon footprint of its warehouses per sq m year-on-year, and provides multi-modal electric vehicle charging facilities for cars, motorbikes, cycles, scooters and HGVs.

Granollers is a prime area in the Catalonia region for industrial and logistics assets. It benefits from quick access to the AP-7 and C-17 motorways, with Barcelona’s port and airport a 37-minute and 40-minute drive away, respectively.

Thierry Bougeard, Head of Iberia Logistics at Trammell Crow Company, said: “Securing a tenant of the stature of this Spanish automotive company, confirms the quality of this state-of-the-art warehouse development and the market need in Spain for prime industrial and logistics assets in strategic locations, such as Barcelona, which is in short supply. Furthermore, with tightening emissions regulations the demand for schemes such as CITYDOX with industry-leading features like on-site renewable energy generation and EV charging can only grow.”