Hines, the global real estate investment, development, and management firm, has signed a new lease agreement at its Nexus San Fernando logistics platform—located in Madrid—with Hilti, a multinational company specializing in innovative solutions for the construction industry. With this deal, Hilti will occupy modules 3 and 4 of the property, totaling over 13,000 square meters, which represents 50% of the building’s total space.
With this addition, Nexus San Fernando has now reached 70% occupancy, consolidating its position as a logistics benchmark in Madrid’s first ring. The platform also hosts another tenant, a company specializing in luxury home renovations, which currently occupies 20% of the total available space.
The asset, developed on a turnkey basis through the Hines European Property Partners (HEPP) fund, is located in the San Fernando de Henares industrial area (Madrid), in the Henares Corridor. It is just 20 kilometers from the city center and only 15 kilometers from Adolfo Suárez Madrid–Barajas Airport, with direct access from the M-50, A-2, and M-21 highways. Nexus San Fernando spans over 40,000 square meters of land and offers more than 25,000 square meters of built space, divisible into modules starting at 5,000 square meters, with 34 loading docks and a clear height of over 11 meters.
Nexus San Fernando has obtained both BREEAM Excellent and GBCE EU Taxonomy certifications—the latter for the first time ever in Spain—recognizing the asset’s alignment with the EU's climate goals. The certification was made possible thanks to the collaboration with Savills’ Project Management team, which acted as ESG specialist advisor, and GBCE, which served as verifier.
The GBCE EU Taxonomy certification provides a clear framework for identifying environmentally sustainable economic activities.
Vanessa Gelado, Senior Managing Director and Country Head of Hines in Spain, commented:
“Welcoming a tenant like Hilti demonstrates the strength of the asset and the strategic location of the logistics hub. At Hines, we remain committed to delivering high-quality, efficient, and sustainable spaces that meet the evolving needs of the market and our clients. Reaching 70% occupancy just months after project completion highlights the strong market reception and reinforces our investment strategy in the logistics sector.”
Jorge Duarte, Managing Director and Fund Manager of HEPP, added:
“One of the fund’s main goals is to generate long-term value through assets that combine profitability, resilience, and sustainability. The EU Taxonomy certification is a particularly important milestone for our investors, as it offers a clear and universal guide to what constitutes a truly sustainable investment.”
CBRE and Cushman & Wakefield are leading the commercialization of the asset. Nexus San Fernando is part of Hines’ logistics portfolio in Spain, which now includes eight carefully selected assets located in the first rings of Madrid, Barcelona, and Valencia. The firm’s strategy in the country focuses on continued growth across logistics, offices, living, and retail, with an emphasis on sustainability and quality developments.
For more information: www.nexussanfernando.com
Hines is a global real estate investment manager. We own and manage €86.9 billion¹ in assets across all property types on behalf of a diverse group of institutional and private wealth clients. Every day, our 5,000 employees in 31 countries draw on our 67-year history to invest in, develop, and manage some of the world’s best real estate. To learn more about Hines, visit www.hines.com and follow @Hines on social media.
¹Includes both the global Hines organization and RIA AUM as of June 30, 2024.
HEPP is an open-ended core-plus real estate fund investing in major European markets and key real estate sectors. HEPP benefits from Hines’ vertically integrated platform, aiming to create alpha and deliver high returns with moderate risk. HEPP will continue to acquire and develop sustainable assets across sectors such as logistics, offices, residential, student housing, and senior living. The fund was launched in Q2 2022.
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