A joint venture between Spanish mall operator Neinver and US private equity group Colony Capital has acquired a portfolio of 16 logistics sites in Spain and Portugal in a sale-and-leaseback transaction.
A joint venture between Spanish mall operator Neinver and US private equity group Colony Capital has acquired a portfolio of 16 logistics sites in Spain and Portugal in a sale-and-leaseback transaction.
The deal is the first acquisition for the partnership, which was set up to invest more than €200 mln of equity capital in logistics assets in Europe, with a special focus on Spain and Portugal.
The combined area of the facilities is almost 110,000 m2.
Neinver will manage the assets, while Colony Capital will contribute its real estate and financial expertise to grow the portfolio.
Carlos Gonzalez, CFO of Neinver, said: ‘Together, this will reinforce our position in the logistics sector, a market with great potential and which has played a main role in our company since its foundation.’
Neinver and Colony were advised by Aiga Investments on the transaction, while Aguirre Newman was the adviser for the seller.
