Corebridge Real Estate Investors. and DeA Capital Real Estate have sold two prime industrial facilities in Madrid for €25m to a UK-based single-family office advised by Delin Property, marking a key transaction in Spain’s high-performing logistics sector. The assets, totalling 18,000 m², are fully let and located in Villaverde and Pinto, two of the capital’s most strategic submarkets for last-mile logistics.
The properties, both modern Class A facilities, include a 9,500 m² warehouse in Villaverde leased to four tenants, and an 8,500 m² build-to-suit facility in Pinto for a specialised logistics operator. Both benefit from close proximity to Madrid’s urban hubs and major transport links, aligning with investor appetite for urban infill opportunities offering stable yields and tenant diversification.
“These assets represent a continuation of our strategy of investing in and developing high-performing urban logistics assets in core European markets,” said Brenda Monaghan, Managing Director, Europe Asset Management at Corebridge Real Estate Investors.
The acquisition reflects a growing trend of private capital flowing into logistics real estate across Spain, driven by record e-commerce penetration, supply chain reconfiguration and limited supply of modern distribution stock. The transaction will seed a new portfolio of stabilised urban logistics assets in major Spanish cities, according to Delin Property.
“These modern, sustainable and fully occupied properties are a perfect fit for our new venture in Spain,” said Isaac Núñez, Managing Director, Spain at Delin. “They will seed a portfolio of stabilised assets in urban infill locations in major Spanish cities that we will be assembling on behalf of our client.”
“This transaction marks another milestone in our ongoing strategy to create and realise value across European logistics real estate,” said Emanuele Caniggia, CEO, and Emanuele Dubini, CIO of DeA Capital Real Estate, which manages €12.2bn in assets across seven European countries. “We remain committed to delivering consistent, long-term value for our investors.”
People mentioned:
-
Brenda Monaghan, Managing Director, Europe Asset Management, Corebridge Real Estate Investors
-
Isaac Núñez, Managing Director, Spain, Delin Property
-
Emanuele Caniggia, CEO, DeA Capital Real Estate
-
Emanuele Dubini, CIO, DeA Capital Real Estate
Companies mentioned:
-
Corebridge Real Estate Investors – Real estate investment arm of Corebridge Financial
-
DeA Capital Real Estate – Pan-European investment management company
-
Delin Property – European logistics real estate investor and manager
-
CB Richard Ellis, DLA Piper, Ernst & Young – Advisors to Corebridge and DeA Capital
-
CMS, PwC – Advisors to Delin
Image Source: Delin Property
Get the latest commercial real estate news, investment insights, and property trends from Europe Real Estate, trusted by professionals since 1999.
Sign up for free daily or weekly updates. Join here
