With a planned investment of €150 million over seven years, PK Blue Industrial&Logistics will become the largest logistics investor in the Basque Country, supported by Pulsar Krean, a company owned by KREAN.
PK Blue Industrial&Logistics, an investment platform for the development of industrial and logistics spaces, which works on new construction and industrial refurbishment, has already invested €100 million in the Basque Country since 2020 and developed a total of 300,000 m2 of land, 85,000 m2 of which corresponds to buildings already constructed and another 60,000 m2 pending execution. For all this work, it has relied at all times on Pulsar Krean, a company owned by KREAN, which has provided all the technical and operational support required for this task since its inception.
The managers of the PK Blue Industrial&Logistics investment platform highlighted their commitment to Vitoria–Gasteiz as the principal industrial logistics hub in the north of the Iberian Peninsula in a presentation held last week at the PKBL Beta warehouse (formerly Cegasa). This was followed by a ribbon-cutting ceremony at the new warehouses that PKBL Industrial & Logistics is completing in Jundiz for XPO Logistics, covering an area of nearly 10,000 m2.
Iconic projects such as the largest cold storage facility for Eroski in northern Spain and the refurbishment of the former Cegasa and Daewoo sites are now joined by a new warehouse for the multinational XPO Logistics in the Jundiz industrial estate in Vitoria-Gasteiz, which will be completed in May 2026 and will be a pioneer in terms of its design focused on operational efficiency, technological integration and high environmental standards (it will be LEED Platinum certified), adapted to the needs of the new generation of logistics operators.
The presentation was attended by the Deputy General of Álava, Ramiro González; the Mayor of Vitoria-Gasteiz, Maider Etxebarria; the Basque Government's Minister for Industry, Mikel Jauregi; José Luis Arenas, Country Coordinator of XPO Logistics in Iberia; and the top representatives of PK Blue Industrial&Logistics, Esteban Caja and José de la Calle, both members of the PKBL Executive Committee. The latter, who is also a director of Pulsar Krean, acted as host for all the authorities and attendees at the event.
The projects that complete these investments have been: the refurbishment of the former Cegasa, where two warehouses have been recovered, one of 14,000 m² already leased to XPO Logistics, and another of 25,000 m² where the event was held. 50,000 m² of land has been freed up to develop a 35,000 m² turnkey project, and 4,000 m² of offices are available for refurbishment. Also in Jundiz, work has been carried out on the former Daewoo site, preparing a 25,000 m² warehouse, occupied by GXO for a tyre manufacturer, and another 55,000 m² of land made available to IOS (industrial outdoor storage). Finally, alongside the latter, investment has been made in a cold storage platform that could grow to over 8,000 m².
PK Blue Industrial&Logistics has become the largest logistics real estate investor in the Basque Country. Of the €150 million that the company will invest in Álava until 2027, €100 million has already been invested since 2020, reflecting the magnitude and scope of its commitment to the sector and the region. In fact, the company has chosen the capital of Álava as the optimal location from a logistical and industrial point of view in the north of the peninsula and has contributed to its becoming the nerve centre of industrial logistics and food distribution.
