LaSalle Investment Management, acting on behalf of LaSalle’s E-REGI fund, has acquired DIA Logistics, a flexible-use warehouse fully let to the discount supermarket chain DIA. The investment amounts to over €20m. The asset was completed in 2016 and has over 31,000m² of rental space, around 200 parking spaces and more than 60 loading docks. The property is capable of supporting multi-tenant use, including over 13,000m² of cold storage divided into six separate modules.
Uwe Rempis, Fund Manager at LaSalle said: “This is an important acquisition for the E-REGI fund as it increases our investors’ exposure to logistics, one of our target sectors. Spain’s logistics market is particularly attractive as it has experienced strong occupier demand in recent years, largely thanks to the growth of e-commerce, which is driving demand for strategically located, large logistics units than can serve the whole country. We expect this trend to continue and so are pleased that we have been able to advise on this acquisition.”