CBRE Global Investors has completed the purchase of a portfolio of 16 logistics assets in Spain for one of its separate account clients.
Metrovacesa and Parques Intermodales Gran Europa are disposing of the assets, located beside the A2 motorway between Madrid and Barcelona with a total of 250,000 m2 of space.
The 16 properties are leased to 10 logistics operators including DSV, Luis Simoes and FM Logistics, with an occupancy level of around 94%.
Jeroen de Grunt, Portfolio Director Separate Accounts Continental Europe, CBRE Global Investors, said: 'Our client is actively acquiring logistics assets across Continental Europe. This high quality portfolio has an attractive tenant mix and shows a clear upside potential.'
CBRE Global Investors was advised by Aguirre Newman, DLA Piper, PWC and Eurocontrol, while the vendors were advised by CBRE.
