19 April 2017 – Mis Naves
The Barings Real Estate Advisers Group, one of the largest diversified real estate investment managers in the world, has purchased a logistics warehouse in Madrid, from GLL Real Estate Partners, for €35 million.
As part of its investment strategy across Europe, the group has acquired an asset that has a surface area of 56,000 m2. It is located in a privileged distribution area in the south of Madrid, with direct access to the A4 and R4 motorways, which connect the capital with the south of Spain.
The warehouse is leased in its entirety to Ceva, a major logistics and freight management company, which has extended its lease contract given that the property is located in a strategic area for the sector.
This is the second investment that the Group has made in Spain. It first invested in the Spanish market with the acquisition of an asset in Madrid in July 2016, after opening an office in the capital at the end of 2015.
Barings Real Estate Advisers is dedicated to managing real estate assets around the world. It invests in private and listed assets and provides investment and advisory services. The Group has a portfolio worth €271,000 million.
Original story: Mis Naves
Translation: Carmel Drake