Prologis, Inc., the leading global owner, operator and developer of industrial real estate, has announced the acquisition of three fully-leased facilities in Barcelona, Spain. The properties were acquired from the open-ended real estate fund Morgan Stanley P2 Value.
Prologis Granada DC 1, DC 2 and DC 3 comprise 60,000 m² in Granada del Penedes Village, a prime market close to Barcelona. These modern facilities, built between 2002 and 2004, are fully occupied by six tenants from various sectors.
"We are pleased to add this fully leased high-quality, modern distribution center to our portfolio. This facility compliments our position in Barcelona and is well located with proximity to the city center and direct access to the AP7 and the new Eix Diagonal Motorways," said François Rispe, regional head Southern Europe, Prologis.
Prologis acquired the facilities on behalf of its fund PEPF II (Prologis European Properties Fund II).
Prologis' portfolio in Barcelona totals approximately 136,000 m² of industrial space and in the overall Spanish market the portfolio comprises of approximately 660,000 m².