Leroy Merlin BTS asset completed near Malaga, Spain

The close to 25,000 sqm build-to-suit logistics asset in Antequera, Andalusia, has been handed over to Leroy Merlin. The facility was designed around the retailer’s logistics requirements in southern Spain and reflects demand from an established European home improvement and DIY operator.

For Newport by Panattoni, the completion represents an important delivery step within Newport Logistics Fund II. It is an occupier-led asset with a defined tenant requirement, long-term occupier commitment and reduced speculative leasing exposure.

The project is the fifth of seven assets within Newport Logistics Fund II to reach completion, further demonstrating execution progress across the Fund II portfolio.

The asset is located in Antequera Business Park, with direct access to the A-45 motorway and proximity to Malaga, Malaga Airport and the Antequera Dry Port. The location forms part of Andalusia’s wider logistics network, with access to Mediterranean and Atlantic corridors supporting Southern Spain’s role as a gateway between Europe, North Africa and wider global trade routes, including the Americas and Asia.

The facility includes PV installation, EV charging, LED lighting, A-rated office space and is targeting BREEAM Excellent. It reflects Newport’s focus on accessing occupier-led logistics assets in strategic European locations, with the quality standards expected by institutional capital.

Key highlights

Asset: close to 25,000 sqm BTS logistics facility in Antequera, Andalusia
Occupier: Leroy Merlin, a leading European home improvement and DIY retailer
Fund progress: fifth of seven projects within Newport Logistics Fund II to reach completion
Location: Antequera Business Park, with access to Malaga, the A-45 motorway and the Antequera Dry Port
Investment profile: occupier-led logistics asset aligned with institutional buyer expectations