Pan-European industrial property developer Mountpark has purchased a plot of commercial development land east of Madrid, comprising around 90,000 m2.
Modesta Real Estate advised on the transaction.
According to Modesta, the undeveloped property is characterised by its proximity to the city and the accessibility of public transportation as well as the nationwide road network.
'We are pleased that we were able to facilitate this off-market transaction for our client Mountpark. The commercial real estate market in Spain has shown excellent development and the forecasts for the future are also very positive,' commented Sebastian Scheufele, managing partner of Modesta Real Estate.
Mountpark operates primarily in the UK, Ireland, France, Spain, Poland, Czech Republic and Slovakia from offices in Luxembourg, Amsterdam, London, Paris, Madrid, Barcelona, Warsaw and Prague.
Its subsidiary, Mountpark Logistics EU, is a logistics property company owned jointly by Mountpark Finco and USAA Realco – Europe, the Dutch subsidiary of USAA Real Estate Company.
