Dunas Capital Real Estate, the real estate asset management platform of Dunas Capital, has secured a financing agreement of approximately €40 million with Maslow Capital to support the development of the Alma Meco project. The transaction strengthens Dunas Capital’s control position over the development, while Maslow Capital’s commitment “consolidates its investment strategy in high-growth potential assets,” according to both companies.
The project encompasses more than 1.6 million square metres, with a buildable area close to one million square metres.
In February 2026, the compensation board for the project was established, enabling the development of eight large plots designated for industrial and logistics uses, with surface areas ranging between 120,000 and 400,000 square metres.
“The consolidation of our position in Alma Meco is a decisive milestone in the development of the project,” said Miguel López Puche, CEO of Dunas Capital Real Estate. “This controlling position allows us to move forward with the certainty and scale required to make the largest logistics park in the Community of Madrid a reality.”
According to the developers, one of the project’s distinctive features is its ability to host very large-scale logistics facilities within a single plot, making it one of the few available options in the Spanish market for operators requiring XXL logistics assets.
The park is designed under advanced sustainability and energy efficiency standards, and its target users include logistics operators, large retailers, e-commerce platforms and data centres.
“This transaction is a demonstration of our ability to structure tailored financing solutions for complex and large-scale land development operations,” said José María Sagardoy, CEO of Dunas Capital Debt. “Alma Meco is a transformative project for the Spanish logistics market, and having a lender with Maslow Capital’s track record is a clear signal of the strength of both the project and the sponsor team.”
Its location, 35 kilometres from Madrid along the A-2 corridor, with direct access to the R-2 and just 25 kilometres from the Coslada–San Fernando logistics hub and Madrid-Barajas Airport, places the development in a strategic position for national and international distribution.
Commercial interest in the project has already materialised ahead of final planning approval, with land sale transactions already signed over a significant area, meaning a relevant proportion of the total project area is already committed.
“Spain is a priority market for Maslow Capital as we continue to expand our presence across Europe,” said Emilio Silvestre, Managing Director of Maslow Capital in Spain.
The project is expected to mobilise around €1 billion in investment and generate more than 5,000 direct jobs, with construction works scheduled to begin in January 2027.
Dunas Capital Real Estate currently manages more than 4.5 million square metres of net industrial land in Spain, as well as a logistics portfolio of five assets exceeding 225,000 square metres, located in Noblejas (Toledo), Chiloeches (Guadalajara), Loriguilla (Valencia) and Antequera (Málaga).
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