• Transaction / Assets
    7 logistics assets
  • Seller
    Colonial
  • Buyer
    Prologis
  • € MM
    164

Colonial Sells All of its Logistics Assets to Prologis for €164 Million

10 July 2020 – Brainsre.news

The Socimi has sold the rest of the logistics assets included in the agreement signed in 2019 with the US firm. Prologis will disburse 164 million for the seven developments, which together span 159,000 square metres.

The Socimi Colonial has sold all the logistics assets that it still had in its portfolio to Prologis. The American giant has decided to exercise the purchase option that was agreed in August last year with the company led by Pere Viñolas to obtain three logistics assets spanning 100,000 square metres, for which it will pay 164 million euros.

The sale follows the deal signed in August 2019, when Prologis and Colonial reached an agreement regarding the acquisition of 14 logistics properties spanning almost 414,000 square metres, as reported by the Socimi.

Read the full article in Spanish.

Original Story: Brainsre.news

Translation/Summary: Carmel Drake

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