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Axia Has Acquired An Office And 5 Warehouses For €69.33m

1 August 2014 – Estrategias de Inversión

The largest investment was in Alcobendas (Madrid), where it acquired an office building for €28.75 million.

This is proving to be a busy week for the Socimis – on Thursday, Hispania, Merlin and Lar all reported that they have made a number of investments, amounting to €377.1 million, and these companies are continuing to close transactions on Friday. In addition, Axia has invested €69.33 million buying a number of buildings.

Specifically, the company has announced the purchase of an office building in Alcobendas (Madrid) from IVG Institutional Funds for €28.75 million. The building has a gross leasable area (GLA) of 17,266 square metres, plus 396 parking spaces.

It has also acquired three logistics warehouses located in Cabanillas del Campo (Guadalajara), with a GLA of almost 37,877 square metres, for €16.68 million. Two of the warehouses belonged to Parques Industrialises Nuevas Áreas de Actividad Gran Europa and the other one was owned by Altamira Santander Real Estate.

Finally, Axia has also purchased a warehouse in Azqueca de Henares (Guadalajara) with a GLA of approximately 35,781 square metres and another in Dos Hermanas (Sevilla), with a total GLA of 42,466 square metres, for a total price of €23.90 million.

Original story: Estrategias de Inversión

Translation: Carmel Drake