CBRE Global Investors has bought a XL logistics platform in Miralcampo, Spain, on behalf of its CBRE European Industrial Fund (EIF) for an undisclosed amount.
The 61,000 m2 logistics warehouse is located in Azuqueca de Henares, in the Henares corridor, near Madrid. It has been fully let to French hypermarket Carrefour since it was built in 2002.
The platform was designed to meet Carrefour’s requirements but has flexibility to be reconfigured for single or multiple occupier use in the future, CBRE GI said.
'Miralcampo offers a prime location from which to serve Madrid or set up a national supply chain strategy. This location in combination with its size positions it strongly for future trends as we see requirements for extra-large facilities close to main population centres increasing,' said Pierre-David Baylac, fund manager of EIF.
The acquisition falls in line with the fund's strategy to invest in prime logistics properties across Europe, the buyer added.
CBRE Global Investors now has 28 logistics assets under management in the Iberian Peninsula, which total more than 500,000 m2.
