Catalana Occidente Acquires Office Building in Madrid from Kefren Capital

30 September 2019 – The insurance group Catalana Occidente has acquired a five-storey building on Calle de Méndez Álvaro, in Madrid, from Kefren Capital for an undisclosed amount. The co-working firm Talent Garden is currently leasing the building.

The property has 3,600 square meters on five above-ground floors and just over 2,000 m2 below ground level, with 59 parking spaces.

Original Story: La Vanguardia / EFE

Adaptation/Translation: Richard D. K. Turner


Logic Spain KCRE Buys 15,252m2 Logistics Platform

30 March 2017 – Mis Naves

The company Logic Spain KCRE, a joint venture created by Brunswick Invest (the main investment arm of Brunswick Real Estate), the international real estate group Grosvenor, and the Spanish investment company Kefren Capital, has completed the acquisition of a logistic platform located in La Bisbal de Penedés (Tarragona).

The platform was constructed in 2005 on a plot of land measuring 25,000 m2. The total constructed surface area is 15,252 m2, including almost 500 m2 of office space and it is leased to Applus Idiada, a subsidiary of the Applus group and market leader in the design, engineering, testing and provision of homologation services for the automobile industry.

The logistics platform is located 5 minutes from the intersection of the AP-2 (Madrid-Barcelona) and AP-7 (Mediterranean Corridor) motorways and is 40 minutes from the port of Barcelona and 20 minutes from the port of Tarragona. The industrial estate where the warehouse is located has direct access to the Applus Idiada test circuit, where the company carries out its vehicle trials and tests.

Logic Spain KCRE is led by the real estate asset manager Kefren Capital Real Estate (KCRE) and has been advised by Bufete Buigas on the legal-side and by Mace regarding technical matters. The operation has been financed by Kutxabank.

JLL advised the vendor during the process.

The logistics platform in La Bisbal represents Logic Spain KCRE’s second investment. The entity plans to invest more than €100 million in logistics assets in the Spanish market. Kefren Capital Real Estate will take responsibility for managing the assets in order to generate value using its extensive experience in the sector.

Original story: Mis Naves

Translation: Carmel Drake

Merlin Buys Logistics Centre In Meco For €22.2M

13 May 2013 – Mis Naves

The Socimi Merlin Properties has purchased a logistics centre located in the R-2 industrial estate in Meco from the real estate asset management company Kefren Capital for €22.2 million. The property, built on a plot of land measuring 50,727 m2, occupies a surface area of 35,285m2, and contains four modules, 31 loading bays and 4 HGV doors. The Dachser Group leases the entire platform.

The legal advisors to the transaction were Broseta on the sell-side and Garrigues on the buy-side.

KCRE acquired this asset in August 2014 following the bankruptcy of the company Coperfil and it financed the transaction through Nordic investors, which acquired capital, as well as by securing a loan for the project from CaixaBank.

Original story: Mis Naves

Translation: Carmel Drake