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Axia Real Estate Buys a €35 Mn Worth of Logistic Assets

14/10/2014 – Expansion

Last week, Axia Real Estate, one of the recently listed Spanish Reits (Socimis), purchased three real estate assets worth €35 million in total, an amount fully disembursed from its own funds.

The acquired portfolio is called LEG II LOGISTICA and it consists of three logistics warehouses. One of them stands at 2 Duero street inside the Madrid – Este Logistics Hub in Camarma de Esteruelas (Madrid’s Community), having a gross lettable area (GLA) of 70.298 square meters.

Next property is situated in the Sur – A1 Industrial Area in Guadalix de la Sierra (also Madrid), offering a 14.495 square meter GLA. The last warehouse is located at 5 Avenida del Poligono street in Valls (Tarragona’s area) and its GLA posts 26.026 square meters of space.


Original article: Expansión

Translation: AURA REE