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  • Transaction / Assets
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Merlin Properties Buys an Industrial Warehouse in Almussafes (Valencia) For €12.2 Mn

1/10/2014 – Expansion

Merlin Properties, a freshly listed real estate investment trust known as a Socimi in Spain, has bought a unit in the Sollana industrial area in the municipality of Almussafes (Valencia) for €12.2 million from CBRE.

The building of a 26.613 square meter GLA (gross lettable area) was constructed in 2008. Presently, the property houses companies like Ford, Johnson Controls or Truck & Wheel.

Adding this transaction up to the total of Merlin’s investments, year-to-date the Socimi spent nearly €1.07 billon out of its €1.29 billion funds raised on its flotation day.

 

Original article: Expansión (after EFE)

Translation: AURA REE