Launch of US$ 25 Million ‘Polo 101’ Logistics Park in Montevideo, Uruguay, announced
The launch of Polo 101, a US$ 25 million logistics facility development with capacity to host over 45.000 sq m of building space has been announced under a partnership between Antonio Romariz, a Uruguayan businessman and entrepreneur, and FSA Group, the South American real estate developer which has a portfolio of over 300,000 sq m in Latin America.
Polo 101 will be a Class A logistics and industrial facility built under sustainable development criteria, ideally located on the Route 101 in the established Eastern logistics corridor, just 2 km from the Carrasco International Airport. Polo 101 will be the closest logistics facility to Montevideo Downtown and Port.
Polo 101 is being planned in flexible 1,000 sq m to 30,000 sq m modules that can accommodate stand-alone office units or offices within warehouses. The wide areas within the warehousing permit storage of containers, cars or machinery in open spaces. The development will also offer truck and light vehicle parking spaces, three-phase electricity, telecommunications and fibre optics.
The development has been conceived as a ‘Build-to-Suit’ project – the development team will work together with lessees in order to design a customized logistics facility, meeting the specific needs of their business.
“Location is of paramount importance to a logistics facility. Polo 101 will provide easy access to the main national and Mercosur road network. Based in an area in which more than 50% of the country’s population is within a 25 km radius the location has good visibility from Route 101 from its 270 metre road frontage – useful for presenting the brand identity of eventual tenants,” commented Antonio Romariz, Executive Director, Polo 101.
Polo 101 will feature over 50,000 sq m of green and garden areas. Following sustainable development principles, the development has LEED certification potential and incorporates efficient use of natural resources.
Highlights of the services offered by Polo 101 will be: common area maintenance, pallet storage areas, power forklift rental, battery charger room, power generation units, restaurant/cafeteria and driver waiting room, truck wash facility, ATM and exclusive surveillance and security.
“As the project has been approved by the Canelones Municipality and under the Investment Promotion Act, this is the ideal choice for those who are seeking to move or expand under the recently launched Urban Mobility Plan. It is also a perfect location for international businesses planning to settle in Uruguay given the country’s strategic location and favourable tax environment,” said Alejandro Reyser, Vice President, Business, FSA Group and the project’s Business Manager.
Polo 101 is a joint development by Uruguayan entrepreneur Antonio Romariz and FSA Group. The development work for Polo 101 will be under the leadership of FSA Group, part of the Libra Group, a privately held international business group comprising 30 subsidiaries operating across five continents. FSA Group identifies and executes long-term strategic investments all over South America. Created in 2005, FSA Group runs commercial, residential and hospitality developments amounting to 300,000 sq m. The company operates from strategic locations in Buenos Aires, São Paulo and Montevideo.
Polo 101 architectural design will be undertaken by Sitio Arquitectura (www.sitioarquitectura.com), a design studio specialized in logistics facilities and customized solutions for the needs of every client.