Prologis has completed an acquisition agreement with Colonial comprising 18 logistics facilities totalling 473,000m² in Madrid, Barcelona, Seville and Guadalajara. As part of the three-phased agreement, the company purchased two buildings in San Fernando de Henares totalling 56,000m². In the first phase of the transaction, in August 2019, Prologis acquired 11 facilities totalling 314,000m². In the second phase in July 2020, it purchased five buildings totalling 100,200m². All 18 logistics facilities are either BREEAM or LEED-certified.
"This transaction represents one of the largest in the Spanish logistics real estate sector in recent years,” said Ben Bannatyne, president, Prologis Europe. “It follows our strategy of investing in ‘parks’ or ‘hubs’ and introduces PARKlife more widely to our customers, a European programme which improves the sustainability and environment of our parks for the people and communities who use them".