The joint venture between Bain Capital, a global investment firm, and Conren Tramway (CT), a Spanish company specializing in real estate investment and development, will develop a new state-of-the-art logistics park of 58,340 m² in Sils, Girona.
The 80,742 m² site is located very close to the AP-7 motorway, one of the main logistics corridors of the Mediterranean. The project will consist of two independent warehouses of 29,170 m² each, with construction expected to begin in the first half of 2026.
The complex will feature a minimum clear height of 10.5 meters, 66 loading docks, a 50-meter maneuvering area, and perimeter roads that allow flexible operations for different types of logistics and industrial operators.
The development will incorporate energy efficiency and sustainability criteria, including a 291 kWp photovoltaic installation on each building, LED lighting, and advanced climate and consumption management systems, as well as designated spaces for car sharing and electric vehicle charging stations for light vehicles. The project aims to achieve BREEAM Outstanding environmental certification.
“Catalonia, and particularly the Sils area, stands out for its very strong market fundamentals with growing demand, limited availability, and a strategic location in the northeastern part of the Iberian Peninsula, which will attract clients and logistics operators with regional and cross-border needs,” said Juan Manuel Esteban, Director of Investments at CT.
Paco Hugas, Co-CEO of CT, emphasized, “This project represents an important milestone in the joint strategy of CT and Bain Capital to build a leading logistics platform in the Iberian Peninsula. In a context of supply chain reconfiguration in Europe, our goal is to be present in key locations with a high-quality product designed according to our CT Design Principles.”
“The Spanish logistics market, and specifically the Mediterranean corridor, continues to be one of our strongest investment convictions in Europe. This first project in Catalonia reflects our commitment to developing Grade A assets, well-located and with an attractive return profile for our investors,” stated Rafael Coste, Partner of Real Estate at Bain Capital. “Despite the temporary market distortions, the logistics sector remains a high-conviction thematic sector for Bain Capital. We are seeing resilient demand and a reduction in high-quality supply, driving strong rental growth. We have seized this opportunity by investing $1.6 billion in the logistics sector across Europe over the past three years.”
With this transaction, the joint venture between Bain Capital and CT continues to advance its initial €600 million investment program. The Sils project joins Alcalá Logistics Park in Madrid, whose Phase 1 was delivered in the third quarter of 2025 and Phase 2 is scheduled for the first half of 2026, and Valencia Logistics Park in Loriguilla, expected to be completed in the same period. Including assets pending development, the Bain Capital and CT joint venture controls over 500,000 m² of GLA across the Iberian Peninsula.
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