29 June 2019
Prologis is in the final stages of its attempt to acquire Colonial’s logistics assets. The socimi’s holdings include 12 logistics platforms and warehouses, with an estimated sales value of 450 million euros. The two firms expect to finalise the transaction during the coming month. Deutsche Asset Management and Blackstone had also been in the running to acquire the portfolio.
The principal asset in the portfolio is a 131,000-m2 logistics complex in the San Fernando industrial estate.
Original Story: Expansion