18 February 2019 – Eje Prime
Prologis is growing in Spain. The US company, which specialises in logistics, has announced the acquisition of five logistics assets spanning a combined surface area of 58,000 m2. The properties have been acquired from Kefren and are located in Madrid and Barcelona. The operation has been carried out through Prologis European Properties Fund.
The five acquired properties have a high occupancy rate, with stable rental contracts and a diverse base of tenants, according to the company. Those tenants include a combination of external logistics suppliers and end users in the automotive and engineering sectors, amongst others.
Until the end of 2018, Prologis had undertaken investments in properties and projects under development spanning 71 million m2 in total across nineteen countries.
Original story: Eje Prime
Translation: Carmel Drake