Prologis European Properties (PEPR) has signed a new 12-year lease agreement with Spanish logistics company Grupo Carreras for a total of 48,400 m[sup]2[/sup] at the Prologis Park Penedés in Catalonia, Spain.
Prologis European Properties (PEPR) has signed a new 12-year lease agreement with Spanish logistics company Grupo Carreras for a total of 48,400 m2 at the Prologis Park Penedés in Catalonia, Spain.
'We are delighted to have added Grupo Carreras to our portfolio of clients,' said Simon Nelson, head of asset management of PEPR. 'The new lease agreement, which is in line with current market rents, demonstrates the quality of the PEPR portfolio and our local market knowledge, which enables us to respond quickly to continuing demand from occupiers for well-located, high-quality logistics space.'
'For the rapid expansion and future growth plans of Grupo Carreras across Catalonia we needed to expand our facilities in the region,' added Fernando Carreras, director of the warehouse and distribution division at Grupo Carreras.
The transaction was completed by Prologis, manager of the PEPR portfolio.
Recently, PEPR said it received three new four-year loans of EUR 441 mln and intends to use the proceeds to refinance outstanding debt.
