Through a joint venture with the founder of Improving Logistics

Atitlan launches its platform for investing in the logistics sector with the acquisition of two assets: a property in the industrial estate of Ribarroja owned by the real estate investment trust Eurolog Canola and managed by the investment fund Patrizia; and a plot of land located in the industrial estate of Picassent, both in the metropolitan area of Valencia.

This initiative is being led by the subsidiary Atitlan Desarrollos Inmobiliarios, which has been present in the logistics sector since 2011, and aims to develop and promote ‘greenfield’ projects (from scratch) to be operated mostly by Improving Logistics, a Valencian company with 20 years of experience specialising in logistics and transport management.

To this end, a joint venture was created between the real estate division of the business group led by Roberto Centeno and Aritza Rodero, and entrepreneur David García, founder and CEO of Improving Logistics, a company in which Atitlan has been a key shareholder since the summer of 2023.

This first vehicle plans to invest around €100 million, primarily in the Valencian Community, where Improving already manages spaces in Ribarroja, Picassent, Sagunto and Paterna, some of the most soughtafter logistics enclaves in the region, with an availability rate of less than 2%.

The launch of this partnership starts with the acquisition of two assets. The first is a 14,000 m2 warehouse (with a 23,000 m2 plot of land) in the Ribarroja industrial estate, while the second is a 30,000 m2 plot of land in the Picassent industrial estate, with plans to build a warehouse in the coming months.

According to the CEO of Atitlan Desarrollos Inmobiliarios, Agustín Pérez, ‘there is still strong potential for the creation of value within the logistics property sector in the Valencian Community, as well as nationally. With this joint venture, we hope to help Improving consolidate its growth and modernise its logistics infrastructure’.