28 February 2019 – Idealista
Isak Andic, the owner of Mango, has sold its former distribution hub in Parets del Vallès, Barcelona to the logistics operator Jevaso for €25 million. The warehouse has a surface area of 35,000 m2 and the deal was actually completed in the second half of 2018.
Mango’s expansion means that the firm no longer needs this plant, in which it invested €45 million initially. It has already been replaced by the fashion retailer’s current complex in Lliçà d’Amunt.
Jevaso is one of the largest operators in the Spanish logistics sector and provides services to large fashion groups across the country.
Original story: Idealista
Summary translation by: Carmel Drake