Dunas Capital Real Estate and Cheyne Capital have finalised a financing agreement of €31 million to build a state-of-the-art logistics facility at the Dry Port of Antequera, which will be fully leased to Ontime.
The Dry Port of Antequera is set to host one of the most advanced cold chain logistics platforms in Spain. The manager Dunas Capital Real Estate has secured a financing agreement of €31 million with Cheyne Capital to construct a 36,000 square metre facility on a 63,000 square metre plot within the Antequera logistics enclave.
The facility, which will be entirely leased to the operator Ontime, will feature tri-temperature cold storage technology, with over 20,000 square metres equipped for temperature control, both positive and negative. This will make it a benchmark in the Andalusian and national logistics sector.
An investment that strengthens the Dry Port as a logistics hub
The project, officially announced on Wednesday 8 July, represents a boost for the Dry Port of Antequera, managed by the French group Groupe IDEC. This enclave occupies over 330 hectares and is part of the Logistics Network of Andalusia, with direct connections to the Mediterranean and Atlantic rail corridors, as well as to the main road networks, seaports, and airports in the region.
The CEO of Dunas Capital Real Estate, Miguel López Puche, highlighted that "given its size and technological features, this project consolidates our leadership position in the cold chain logistics real estate development market."
Sustainability and energy efficiency as hallmarks
The facility has been designed following sustainable construction criteria, with energy-efficient infrastructure and green energy generation systems specifically aimed at powering refrigeration equipment. This not only reduces environmental impact but also represents operational savings for the tenant.
Meanwhile, the director of Cheyne Capital for the Iberian Peninsula, Javier Quintela, emphasised that the Dry Port of Antequera "represents exactly the type of logistics infrastructure" in which the manager wants to participate, due to its strategic location and being managed by an experienced operator like Ontime.
Dunas Capital expands its logistics portfolio in Spain
With this operation, Dunas Capital Real Estate now manages over 4.5 million square metres of net industrial land in Spain and a portfolio of operational logistics assets exceeding 255,000 square metres, with a presence in Noblejas (Toledo), Chiloeches (Guadalajara), Loriguilla (Valencia), Castellbisbal (Barcelona), and now Antequera.
The financing was advised by Dunas Capital Debt, a group unit specialised in alternative financing, which acts as a bridge between developers and institutional investors. Its CEO, José María Sagardoy, noted that the Antequera project "represents a success story" that reinforces the trajectory of this division.
For the residents of Antequera and its region, this investment translates into the creation of direct and indirect jobs, both during the construction phase and in subsequent operations. Moreover, it consolidates the municipality as a top logistics hub in southern Europe, which may attract new companies and ancillary services.
Construction of the cold mega-platform is expected to begin in the coming months, once administrative procedures are completed. The forecast is for the facility to be operational within 18 to 24 months, just in time to meet the growing demand for refrigerated storage in the Andalusian agri-food sector.
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