25 September 2018 – Eje Prime
GreenOak is on the hunt for logistics assets in Europe. The fund manager has purchased 720,000 m2 of industrial space in France and Spain. These latest acquisitions increase the company’s logistics assets and projects under development to 1.8 million m2.
GreenOak’s Spanish investments comprise two cold storage facilities in Barcelona and Valencia, leased in their entirety to Spanish companies in the food logistics sector.
In France, the manager has acquired twenty warehouses and cold storage facilities, located mainly around the principal nuclei along the logistics corridor between Paris, Lyon and Marseille. Its tenants include Carrefour, Easydis, CDiscount and Dachser.
GreenOak owns a portfolio of logistics assets in France, the Netherlands, Italy and Spain. Most of its assets are facilities with an average size of 37,000 m2.
The fund is present in almost all of the markets of the Spanish real estate sector. One of its main assets is Las Mercedes Business Park, one of the largest business parks in Madrid.
Original story: Eje Prime
Translation: Carmel Drake