• Transaction / Assets
    Several logistics assets
  • Seller
    na
  • Buyer
    Barings
  • € MM
    42.8

Barings Buys Several Logistics Warehouses in Madrid for €42.8M

According to the investment group, the facilities have been occupied by “one of the largest logistics groups on the Peninsula” for 17 years. Moreover, Barings has signed a new rental agreement with the tenant for another 20 years, although its identity has not been revealed.

“The favourable demographic factors and growing penetration of e-commerce continue to underpin the growth of the logistics market in Spain, a trend that we expect to continue in the medium and long term,” says the director of the real estate area in Spain, Adolfo Favieres.

Original Story:

Translation/Summary: Carmel Drake

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