Global Investors has bought a logistics portfolio in Spain.
The investment manager acquired 16 assets totalling 250,000sqm for a separate account client.
Metrovacesa and Parques Intermodales Gran Europa sold the portfolio, in the third ring of the Henares corridor, along the A2 motorway between Madrid and Barcelona.
Ten of the assets are let to DSV, Luis Simoes, FM Logistics, XPO and Logiters.
The portfolio is around 94% let.
Jeroen de Grunt, portfolio director for separate accounts in Continental Europe, said: 鈥淥ur client is actively acquiring logistics assets across Continental Europe.
鈥淭his high-quality portfolio has an attractive tenant mix and shows a clear upside potential.鈥�
Jose Antonio Martin Borreg贸n, managing director for Spain and Portugal at CBRE Global Investors, said the acquisition confirms the company鈥檚 interest and confidence in the Iberian Peninsula.
in a Spanish logistics park for a separate account client.
The investment manager bought the Torrej贸n Logistics Park in Madrid for an initial 鈧�28m.
