Montepino

What Montepino does

Montepino Logística SOCIMI, S.A. is a publicly listed Spanish real estate investment trust (SOCIMI) specializing in logistics and industrial real estate across the Iberian Peninsula. The company is headquartered in Zaragoza, Spain, with additional offices in Madrid, Barcelona, and Lisbon, and listed on Euronext Access Paris under ticker MLTP since June 2023. Montepino operates a portfolio of 54 logistics assets totaling 1,868,000 m² of Gross Lettable Area with a Gross Asset Value of €1,541 million, achieving 100% occupancy and an 18-year weighted average lease term. Its core products are operational logistics warehouses, distribution centers, cross-docking platforms, and last-mile urban facilities, alongside under-construction properties for future tenant occupancy.

The underlying technology is conventional logistics real estate development and property management, with ESG certifications (9 LEED Platinum, 15 LEED Gold, 5 LEED Silver, plus BREEAM Outstanding and BREEAM Urbanism) serving as the primary differentiation layer. All assets are certified under LEED/BREEAM sustainability standards, and the company has been recognized as GRESB Regional Listed Sector Leader (Europe, Industrial) 2025 with a 5-star rating. No AI, software platform, or digital product layer is disclosed.

Montepino's business model is recurring rental income from long-term commercial leases to enterprise tenants across logistics (XPO Logistics, GXO, DSV, SEUR, Nacex, Luís Simões), retail (Leroy Merlin), fashion logistics (Logisfashion), industrial (Aceros IMS), healthcare (CooperVision), and technology (AITIIP Foundation). Pricing is annual subscription-style lease contracts negotiated directly or through third-party commercial agents (Savills, JLL, Proequity managing over one million m² in Illescas and Guadalajara). The company is managed by Valfondo Gestión, S.L. and backed by Valfondo Investment Management and Bankinter Investment. Capital structure is a SOCIMI with mandatory dividend distribution; expansion is funded through periodic capital increases and capital market access.

Name

Montepino

Legal name

MONTEPINO LOGÍSTICA SOCIMI, S.A.

Website

https://montepino.net

Company type

Public

Founded year

2012

Operating status

Operating

Headcount range

51–100 employees

Short description

Montepino is a Spanish SOCIMI (REIT) specializing in logistics real estate across the Iberian Peninsula, operating 54 assets totaling 1,868,000 m² of GLA with €1,541 million in Gross Asset Value, leased to enterprise logistics, retail, and industrial tenants at 100% occupancy.

Ownership category

akta.pro rank

Headquarters

HQ city

Zaragoza

HQ country

Spain

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Rental Income from Logistics Properties: Montepino generates revenue through long-term leases of its logistics properties across Spain and Portugal. The company maintains a 100% occupancy rate with an 18-year weighted average lease term (WALT), indicating stable, recurring rental income.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Montepino is a publicly listed SOCIMI (Spanish real estate investment trust) that owns, develops, and leases logistics and industrial real estate across the Iberian Peninsula. The company generates rental income through long-term leases of warehouses, distribution centers, cross-docking platforms, and last-mile facilities to logistics operators, e-commerce firms, and large retailers. Its portfolio comprises 54 operational and under-construction assets totaling 1,868,000 m² of gross leasable area with a €1,541 million gross asset value.

Product overview

Montepino is a SOCIMI (Spanish real estate investment trust) specializing in logistics and industrial real estate across the Iberian Peninsula. The company operates a unified portfolio of logistics properties organized into two categories: (1) Operational Logistics Properties, including warehouses, distribution centers, cross-docking platforms, and last-mile urban logistics facilities; and (2) Under-Construction Properties for future tenant occupancy. Properties are LEED and BREEAM certified, with tenants including XPO Logistics, GXO, DSV, SEUR/Nacex, CooperVision, Luís Simões, Lerova Merlin, and other logistics and e-commerce operators.

Differentiator

Problem solved

Functional benefit

Products and services

• Operational Logistics Properties Portfolio

Quantifiable outcome

• 100% occupancy rate across portfolio
• +2 more outcomes

Named customers11 records

Segments1 record

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered minor.

• SavillsminorChannel Partner/ Reseller/ DistributorSavills awarded commercial management of more than one million square meters of logistics land in Illescas and Guadalajara alongside JLL and Proequity.
• JLL (Jones Lang LaSalle)minorChannel Partner/ Reseller/ DistributorJLL awarded commercial management of more than one million square meters of logistics land in Illescas and Guadalajara alongside Savills and Proequity.
• ProequityminorChannel Partner/ Reseller/ DistributorProequity awarded commercial management of more than one million square meters of logistics land in Illescas and Guadalajara alongside Savills and JLL.

Scale indicators7 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• VGP: European pure-play logistics and semi-industrial real estate developer and owner with growing Iberian footprint. Highly comparable: develops and owns modern, ESG-certified (BREEAM) logistics facilities leased to similar 3PL/retail tenants, with build-to-suit capabilities.
• Merlin Properties SOCIMI: Spain's largest SOCIMI with a material logistics and industrial portfolio alongside offices, retail, and data centers. Directly comparable as a Spanish REIT competing for institutional logistics tenants and capital, but operates a diversified multi-sector platform rather than a pure-play logistics focus.
• Logicor: One of the largest owners and operators of modern logistics real estate in Europe, with pan-European footprint including Spain and Portugal. Highly comparable product offering (warehouses, distribution centers, last-mile facilities) and similar tenant base (XPO, GXO, DSV-type 3PLs).
• P3 Logistic Parks: Pan-European pure-play logistics warehouse owner and developer with operations in Iberia. Directly comparable asset class, tenant base (logistics operators, retailers), and pan-European growth strategy, though at greater scale and with broader geographic spread.

Broad incumbents

• Prologis: Global leader in logistics real estate with significant Iberian presence through Prologis European Logistics Fund. Directly comparable by asset class (logistics warehouses serving 3PLs and retailers), but vastly larger scale, deeper capital base, and pan-European/global reach.
• Goodman Group: Global logistics and business-park real estate developer and owner with European operations. Comparable by asset class and ESG/development focus, but primarily Australian/Asian oriented with smaller European footprint and different listing geography.
• SEGRO: UK-listed European logistics REIT with Continental European operations including Iberia. Comparable by product (modern logistics warehouses), tenant base (3PLs, e-commerce), and REIT structure, but operates at much greater scale with multi-country diversification.
• WDP (Warehouses De Pauw): Belgian-listed European logistics REIT with semi-industrial and warehouse assets across multiple European markets including Iberia-adjacent. Comparable by asset class and listed-REIT structure; differs by primary Benelux/France concentration and broader mixed-use exposure.

Regional players

• Lar España Real Estate SOCIMI: Spanish SOCIMI focused on retail and office assets with limited logistics exposure. Comparable as a domestic Spanish REIT competing for institutional capital and Iberian real estate flows, but operates in different asset classes.
• Inmobiliaria Colonial SOCIMI: Spanish SOCIMI focused on prime CBD office assets in Paris, Madrid, and Barcelona. Comparable as a domestic Iberian SOCIMI competing for institutional capital, but operates a different asset class (offices vs. logistics).

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/montepino
• Xx.com/Montepino_Logis
• Facebookfacebook.com/MontepinoLogistica

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Montepino