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The ZAL Port will invest 200 million euros to develop 450,000 sqm of logistic warehouses

The ZAL Port is growing and in the next four years will have invested 200 million euros to develop 450,000 sqm of logistics warehouses, all of the land that now has available. Most of this soil is in a new area of the ZAL Port-Ciutat, located at the intersection of the street A and the street 2, in Zona Franca of Barcelona.

This expansion project is possible thanks to the financial strength of the company that has closed the last financial year with a turnover of 40.7 million euros, EBITDA of 19.9 million, a 17.1 million cashflow and net income that has been of 5.2 million euros.

Contracts, respect to 2015 has increased by 24% reaching the 162.000 sqm of which, 22,500 sqm are new contracts. The backlog (signed contracts revenue) has also increased by 8%, reaching 263 million euros. All these figures are the result of good management and a very high, 97% occupancy rate. Examples include recent renovations of Globelink Uniexco, which in addition CILSA has renovated all of its offices; CMA CGM Iberica which has renewed confidence in the Service Center of the ZAL Port, broadening even its surface contracted; Noatum Logistics with 4.850 sqm of his logistic warehouse, or the expansion of Carrefour with a new cold platform of 18.200 sqm; the new warehouse of 16,900 sqm of crossdocking is being built in the ZAL Port-Ciutat in BZ2; or the 150,000 sqm of contracts turkey is currently negotiating with several international players of first level.

The expansion project

Once completed the project of expansion the ZAL Port conform 1,000,000 square meters of warehouses of high quality within the first logistics Crown of Barcelona. In response to the growing needs of its customers and immediately, the ZAL Port purchased 52,000 sqm of logistic warehouses to LURI 6 (former BANIF SANTANDER real estate).

To finance the 200 million involved in the project, the ZAL Port  has equity capital, the capitalization of a participatory loan of 20,5 M€ by its shareholders (Port de BarcelonaMERLIN Properties and SEPES) and 75 M€ of the loan granted by the European Investment Bank (EIB).