Thor Equities has acquired a Coca Cola bottling plant in Madrid from real estate investment advisor Stoneweg, acting on behalf of the Icona Capital Group.
Financial details were not disclosed.
However Thor Equities said that the deal would result in an investment of €600 mln, as part of its own stated expansion to build up Thor Digitaland, to turn the site into a state-of-the-art data centre.
Stoneweg acquired the former bottling plant in the Nino del Remedio Industrial Estate in 2020. The 211,000 m2 of industrial space adjacent to Madrid’s inner ring-road is strategically located in the municipality of Fuenlabrada and benefits from excellent transport links.
Jaume Sabater, CEO of Stoneweg, commented: 'Stoneweg has become a highly trusted partner of Icona, having executed the original acquisition of this asset as well as its successful sale, just two examples of our expert team’s ability to deliver strong returns on behalf of our clients.
'We hope to continue our relationship with Icona and look forward to working with them again in the future.'
Icona's Max-Hervé George commented: 'We worked closely with Stoneweg to locate a site of this quality in Madrid as part of our investment expansion into southern Europe. We have been very pleased that its location and opportunity has been recognised by Thor.'
Icona was advised by Swiss banking group CBH Bank of Geneva.
