• Transaction / Assets
    Eroski logistics centre (Zaragoza)
  • Seller
    Deka Inmobilien
  • Buyer
  • € MM

Barings Pays €17.6M For Logistics Centre In Zaragoza

17 November 2017 – Eje Prime

International logistics operation in Zaragoza. The investment fund Barings has paid €17.6 million to the manager Deka Inmobilien for a logistics centre in Plaza, one of the largest logistics parks in Europe. Currently, the space is leased to the Basque supermarket chain Eroski, which operates a distribution centre from the site.

Constructed in 2006, the plot comprises a gross leasable area of 29,000 m2 and 159 parking spaces, according to Europe Real Estate.

The German fund will use the money from the sale of this asset to take advantage of the opportunities currently being offered by the strong demand in the well-established retail market in Spain to optimise its portfolio. The German company has been advised in this operation by the consultancy firm CBRE.

Original story: Eje Prime

Translation: Carmel Drake