DHL Exel Supply Chain, Deutsche Post DHL Group’s specialist contract logistics company, has extended its lease for 12,000 m² of space in the Ciempozuelos logistics park near Madrid, Spain, ahead of schedule until 2017. The lessor is SEB Asset Management, which acquired the logistics property with some 45,700 m² of space in 2008 for its open-ended real estate fund, SEB ImmoPortfolio Target Return Fund.
The Ciempozuelos logistics park to the south of Madrid is one of the region’s most modern logistics centres. The property’s location is excellent, with direct links to the A4 motorway that connects Madrid with Andalucia in the south. It is fully let to four companies.
Towards the end of summer 2013, SEB Asset Management signed a lease renewal agreement with Mercadona, Spain’s leading supermarket chain, for approximately 13,000 m² of space.
These lease signings represent a seamless continuation of SEB Asset Management’s successful performance last year.
Source: SEB Asset Management