en.Wedoany.com Reported - UK logistics developer Chancerygate held the official groundbreaking ceremony for L'Alter Business Park in Alcàsser, Valencia Province, Spain, in June, marking its first logistics and industrial development project in continental Europe. The project covers an area of approximately 30,000 square meters.

The total gross floor area of the project is approximately 20,159 square meters, planned for logistics and light industrial space, distributed across nine modules ranging from 755 to 3,300 square meters, all available for lease. The project is adjacent to the V-31 highway, providing direct access to the AP-7 motorway, thereby offering quick connections to the Port of Valencia and the main national logistics corridors to Madrid, Barcelona, and Alicante.

The project has entered the sales phase and is expected to be delivered in May 2027. Chancerygate stated that Valencia offers significant market opportunities due to its strategic location, strong logistics activity, and growing demand for modern, sustainable industrial space. The groundbreaking ceremony brought together municipal representatives, project partners, real estate and logistics industry professionals, as well as local and regional media. During the event, it was noted that this development, located between Alcàsser and Silla, will bring stable employment opportunities and revitalize the production structure of the Horta Sud region.

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