Spanish group Azora is reportedly joining forces with French asset management firm Indosuez to launch the first last-mile logistics REIT in Spain.
The new platform, to be called Milepro, will be structured as a Socimi investment vehicle with plans to raise €60 mln of equity from investors next month, according to Spanish press reports.
The firm will list on the BME Growth segment of the Madrid stock exchange. It is the second venture launched by the two partners following the foundation in 2019 of Adriano Care, a senior care real estate investment trust with a firepower of €250 mln.
