• Transaction / Assets
  • Seller
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Cilsa Buys 52,000 m2 Of Logistics Warehouses In Port Of Barcelona

12 July 2017 – Eje Prime

A logistics operation has been closed in the port of Barcelona. Cilsa, the management company of the ZAL zone at the Port of Barcelona and in which the Socimi Merlin Properties owns a stake, has agreed with the Socimi Luri 6 (formerly Santander Banif) to acquire 51,988 m2 of warehouses located in the port area for €16.4 million.

The warehouses acquired by Cilsa have an occupancy rate of 77%, in such a way that the company currently has 11,767 m2 of available space to lease. The operation will be formalised with a loan issued by the Port of Barcelona.

With these new assets, Cilsa will have 451,032 m2 of warehouses at the ZAL Port, which it leases out, as well as a Service Center office building measuring 11,250 m2.

In addition, Cilsa has granted surface area rights to clients who have constructed another 232,000 m2. Last year, the company recorded a gross operating profit of €20 million and a net profit of €5.2 million.

Original story: Eje Prime

Translation: Carmel Drake

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