en.Wedoany.com Reported - Chancerygate has officially commenced construction of the L'Alter Business Park, a logistics and industrial park located approximately 20 kilometers from Valencia, between Alcàsser and Silla. The company held a groundbreaking ceremony for the project, which will be its first logistics and industrial development on the European continent, marking its initial entry into the Spanish market.

The total gross floor area of the park is approximately 20,159 square meters, divided into nine independent modules, with individual unit sizes ranging from 755 to 3,300 square meters, all available for lease. Located adjacent to the V-31 highway, the project offers convenient access to the AP-7 motorway, providing quick connections to the Port of Valencia and transport corridors to Madrid, Barcelona, and Alicante. The project is situated near the southern industrial axis of Valencia, an area with strong logistics demand and low vacancy rates.

The project is built to Class A energy standards, equipped with solar panels, electric vehicle charging stations, and energy-saving measures, targeting a BREEAM Excellent certification. The construction process will also recycle concrete waste from existing buildings to reduce environmental impact. Felipe Lainez, Development Director of Chancerygate Spain, stated: "The L'Alter project is not only our first development in Spain but also the first project approved for construction on the European continent. Valencia offers significant opportunities due to its low vacancy rates and high demand."The project is expected to be delivered in May 2027, bringing approximately 150 jobs to the local area.

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