BGO Acquires Land in Madrid to Develop a 24,000 m² of State-of-the-Art Logistics Facility for XPO Logistics
MADRID – July 29, 2025 – BGO is pleased to announce the acquisition of a land plot in Getafe, Madrid (Spain), to develop a last-mile 15,000 sqm cross-dock and a 9,000 sqm logistics facility on a built-to-suit basis for XPO. The land plot is located Gavilanes, by the M-50 ring-road and near the A-42 within Madrid’s first logistics ring, a strategic location for the tenant’s distribution activities.
The assets will be occupied on a long-term lease by XPO Logistics, a European leader operating 206 hubs in 14 countries, serving its customers with a fleet of 20,000 trucks and trailers, 1 million square meters of warehouse space, and 14,000 employees across Europe. In Spain, XPO Logistics will strengthen its operational capacity with this new hub, responding to the growth of its warehousing, palletizing, and last-mile operations.
“BGO’s focus and expertise in logistics are a perfect fit for XPO Logistics’ needs for a state-of-the-art facility in Madrid’s first ring road to support its growth in the country. We are delighted to begin a relationship with XPO Logistics in Spain, and look forward to fostering a long-term relationship to support their growth. Our goal is to be the preferred partner for logistics companies throughout the Iberian Peninsula and Europe,” said Javier López Galdos, Managing Director and Country Head for Spain at BGO. “BGO has been investing in Spain for over a decade, and it remains a key market for our European investment strategies. We will continue to seek strategic opportunities to continue growing in the market across all sectors.”
For this development, BGO has partnered with Hispavima, a Spanish development manager with extensive experience in the logistics sector, with whom BGO is already collaborating on the development of a cold storage platform in Madrid. This new transaction consolidates BGO's position as one of the largest institutional investors in the logistics sector in Spain.
BGO was advised by Dokei and Clifford Chance on the transaction and Magna Industrial will be the general contractor, with delivery expected for Q2 2026.
About BGO
BGO is a leading, global real estate investment management advisor and a globally-recognized provider of real estate services. BGO serves the interests of more than 750 institutional clients with approximately $86 billion USD of assets under management (as of March 31, 2025) and expertise in the asset management of office, industrial, multi-residential, retail and hospitality property across the globe. BGO has offices in 25 cities across twelve countries with deep, local knowledge, experience, and extensive networks in the regions where we invest in and manage real estate assets on behalf of our clients in primary, secondary and co-investment markets. BGO is a part of SLC Management, the institutional alternatives and traditional asset management business of Sun Life.
In Europe, BGO is a leading investment manager with more than 50 specialists and USD 16.5 billion in assets under management (AUM) in debt and equity. The strategies range from core to value-add to development, the operational implementation of which is guaranteed in-house. Since 2014, the company has acquired, is currently building, or developing more than 200 logistics properties in Europe with an area of over 6.1 million m² (66 million square feet).
The assets under management shown above includes real estate equity and mortgage investments managed by the BGO group of companies and their affiliates, and as of 1Q21, includes certain uncalled capital commitments for discretionary capital until they are legally expired and excludes certain uncalled capital commitments where the investor has complete discretion over investment.
For more information, please visit www.bgo.com
Media Contact
Rahim Ladha
Global Head of Communications, BGO
media@bgo.com
