Redevco has acquired two logistics assets in Spain comprising a vehicle rental hire depot in Madrid and a bus terminal in Barcelona.
Both properties are Industrial Outdoor Storage (IOS) facilities and represent the second set of investments made by Redevco’s logistics team in Spain.
One asset is in the Getafe area of Madrid. It comprises 153,292sqft across a 4.6 acre site, operating as a vehicle rental depot let to Northgate (Zigup plc). The tenant has operated at the site since 2008 and is committed to a long-term lease having invested significantly in the property over time.
The other asset is in the Sant Boi area of Barcelona. It comprises 122,881sqft across a three acre site operating as a newly redeveloped EV bus depot fully let to Monbus, a long-established operator of regional and airport transport services. The site occupies a prime location close to Barcelona‑El Prat Airport with direct access to key transport routes. Its redevelopment supports the tenant’s transition to electric mobility, including the installation of high-capacity charging infrastructure.
Hugh Macdonald‑Brown, head of logistics at Redevco, said: “Spain continues to demonstrate strong fundamentals for logistics, supported by high occupier demand, limited availability of well‑located land, and the critical role of transport‑oriented assets in urban supply chains.
“These transactions reflect the strength of our deal sourcing and execution in Iberia, where we are building a high‑quality portfolio in core locations. The quality of the tenants, the strategic positioning of the assets, and the embedded growth potential all reinforce our conviction in the logistics sector as a resilient and attractive investment theme.”
He added that with these acquisitions, Redevco continues to build a “high-quality, scalable logistics platform focused on core European markets”.
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