CBRE Enters Joint Venture with Montepino

2 November 2017

CBRE Global Investors has established a Joint Venture with Spanish logistics developer and manager Montepino to develop a portfolio of prime assets in core locations in Spain, initially focused on the greater Madrid market. The JV has been launched with a portfolio of four high-quality development projects all of which are located in the prime Madrid logistics locations along the Corredor de Henares and two standing assets in Zaragoza totalling 245,000 sqm. The portfolio is already 80% pre-let to leading logistics operators. In addition, the JV has already identified a pipeline of 11 development opportunities, totalling in excess of 300,000 sqm.

Original Story: LinkedIn