Monday, 4 August 2014
Logicor acquires Spanish Logistics portfolio (ES)
Logicor, Blackstone’s European logistics platform and a leading operator of modern facilities in Europe, announced the acquisition of a portfolio of six high-quality Spanish logistics assets from Gran Europa, the leading Spanish developer of logistics centers in central Spain.
The 319,000 m² portfolio is located to the North East of Madrid in the Henares corridor, Spain's main logistics hub. The properties are fully let, and key occupiers include Leroy Merlin, Primark, Logiters and C&A. With this acquisition, Logicor's portfolio now totals in excess of 640,000 m² in Spain and 5.8 million m² across key markets in Europe.
Logicor was advised by CBRE and Garrigues.
Mo Barzegar, Chief Executive of Logicor, said: “This high-quality, well-located portfolio is an excellent addition to our growing Spanish portfolio and helps us establish new relationships with key pan-European customers.”