Thor Equities Group, which specalises in urban real estate development, leasing and management, has acquired an industrial property in Moncada, Spain for an undisclosed sum.
The new addition brings Thor’s deal activity in Spanish logistics to 14 assets in less than 12 months.
The Moncada property is a 2,966 m2 warehouse fully leased to Acritoma SL, a company specialising in replacement parts and accessories for the automotive industry.
In the past year, Thor has acquired high-quality assets throughout Spain in Madrid and Barcelona, comprising existing warehouses, offices, and development sites in Argentona, Pinto, and Torrejon.
Last week, Thor announced the acquisition of its first industrial property in France, a 6,121 m2 asset located in the premier Villeneuve la Garenne submarket.
Chairman of Thor Equities, Joe Sitt, said: 'This latest acquisition marks a strategic investment opportunity within one of Spain’s sought-after industrial markets.
'We are pleased to have acquired over a dozen properties in Southern Europe, with more in our pipeline, and look forward to expanding our European presence.'
