• Transaction / Assets
    10% of Parc Logístic de la Zona Franca, S.A.
  • Seller
    Consorci de la Zona Franca
  • Buyer
    Merlin
  • € MM
    10.9

Merlin Completes its Purchase of the Zona Franca Logistics Park for €10.9M

8 March 2019 – Eje Prime

Merlin Properties is now the sole owner of the Zona Franca Logistics Park. The listed Socimi purchased the remaining 10% of the complex that was still owned by the Consorci de la Zona Franca (CZF) for €10.9 million in December.

In this way, Merlin’s subsidiary, Merlin Parques Logísticos, is now the sole shareholder of Parc Logístic de la Zona Franca SA, the owner of the complex, which is located on the Zona Franca industrial estate in Barcelona.

The complex is one of the most active industrial areas in southern Europe, spans a total surface area of 35.5 hectares and comprises two main areas: one for business and one for logistics.

The logistics area covers 285,000 m2 in total, whilst the business area spans 190,000 m2.

Original story: Eje Prime (by Roger Arnau)

Translation/Summary: Carmel Drake

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