Transaction / Assetslogistics platform in the Las Atalayas industrial park SellerSeur BuyerBlackstone € MM
Seur Sells Las Atalayas Logistics Centre to Blackstone in Sale & Leaseback Operation
20 July 2019 – Richard D. K. Turner
Logisland SA (Seur) sold its logistics platform in the Las Atalayas industrial park in a sale & leaseback operation to the U.S. giant Blackstone. The American fund acquired the asset through a subsidiary fund that was set up in Spain to carry out logistics operations, such as its acquisition of land from LAR Spain in 2018.
Suer is finalising the operation just as construction is expected to begin on its new logistics centre in Monforte del Cid in Alicante. The two firms declined to reveal further details of the sale.
Original Story: Alicante Plaza – David Martínez
Photo: Rafa Molina