LaSalle Investment Management, on behalf of the LaSalle Euro Growth II Fund, and Riofisa have signed an agreement to develop a new logistics warehouse for Alcampo in the eastern corridor of Madrid, close to the R2 motorway.
The 14,400 m2 warehouse will be delivered during the first quarter 2006 and will be leased to Alcampo upon completion.
This acquisition further increases the LaSalle Euro Growth II Fundâs Spanish logistics portfolio which currently represents a total area of 110,000 m2 located in three industrial estates.
Source: LaSalle Investment Management
