Morgan Stanley Real Estate Investment said its P2 Value fund under liquidation has sold three logistics facilities in Spain to a subsidiary of Prologis.
Morgan Stanley Real Estate Investment said its P2 Value fund under liquidation has sold three logistics facilities in Spain to a subsidiary of Prologis.
Although the transaction price was not disclosed, Morgan Stanley said it was close to the properties' combined market value of EUR 27 mln.
The deal is expected to be completed in the coming weeks.
The assets, known as La Granada I - III, provide a total lettable area of around 60,000 m2 and are fully occupied. They are located in the Barcelona Sur logistics park in the city of La Granada del Penedés, around 48 km from Barcelona.
