UBS Asset Management (UBS-AM) Real Estate and Private Markets (REPM) has made a €58m logistics real estate investment in Zaragoza, Spain.
The manager said it has bought four buildings in the Plaza logistics park, one of the largest intermodal hubs in Europe, providing access to both domestic and international markets.
Manuel Hidalgo, head of real estate Iberia at UBS-AM REPM, said: “The acquisition of these assets within the Plaza logistics park is an exciting investment prospect for UBS Asset Management.”
Not only does the site provide strong logistics fundamentals thanks to transport links and position as a leading European intermodal hub, it also represents an attractive investment in a sector set to grow by up to 5% to 2025, Hidalgo said.
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