Spanish department store group El Corte Inglés has reportedly hired BNP Paribas Real Estate to sell a logistics portfolio across the country valued at around €400 mln.
According to a news report by El Confidencial, the sale is aimed at reducing the group’s debt load. The group’s entire logistics portfolio encompasses around 50 logistics sites offering a total of 1.2 million m2 of space.
El Corte Inglés’ largest logistics sites are located in Valdemoro, near Madrid, and Montornès del Vallès, near Barcelona.
