4 January 2020 – GIC, Singapore’s sovereign wealth fund, has mandated JLL to launch the sale of a €100-million portfolio of logistics assets owned by its subsidiary in Spain, P3 Logistics.
The portfolio contains one-third of P3 Spain Logistic Parks’ assets of approximately €270 million. The socimi is currently listed on the MAB, with a market cap of 30.7 million euros.
GIC, el fondo soberano de Singapur ordenó a JLL lanzar la venta de una cartera de activos logísticos de 100 millones de euros, propiedad de su filial en España, P3 Logistics.
La cartera contiene un tercio de los activos pertenecientes a P3 Spain Logistic Parks, un total de aproximadamente €270 millones. La socimi actualmente cotiza en el MAB, con una capitalización de mercado de 30,7 millones de euros.
Original Story: El Confidencial – Ruth Ugalde
Translation/Summary: Richard D. Turner
9 October 2018
The European aerospace behemoth signed an agreement with P3 Logistic Parks for the development of a new logistics space in Illescas. Construction will start at the end of 2018.
Airbus is flying into Toledo. The global aerospace behemoth will move into a new logistics centre that P3 Logistic Parks will develop in Illescas (Toledo). Construction on the project, which will have 31,280 square meters of surface area, will begin at the end of this year. The expectation is that Airbus will be able to move into its new facilities by the third quarter of 2019, P3 explained to EjePrime.
Airbus’s future logistics centre will be located in Toledo’s Plataforma Central Iberium, a 350-hectare logistics hub. Designed with the sustainable construction certificates rated BREEAM Very Good, the future centre will have sprinkler systems with their own water supply and a dedicated connection to the nearest train station.
The logistics platform that P3 will develop for Airbus will be its second in Illescas, a very attractive municipality for the logistics sector considering its location near Madrid. The socimi already has about 200,000 square meters of surface area already built or under development.
The new facility will increase the size of P3 Spain Logistic Parks’s portfolio. The socimi debuted on the Alternative Stock Market (MAB) in December of last year. The company, which has operations throughout Europe, is controlled by Singapore’s sovereign wealth fund, GIC Private Limited. In Spain, the company has 18 assets with more than 400,000 square meters of industrial area. A large part of the portfolio was acquired in April 2017, when the socimi purchased GreenOak’s Spanish logistics centres for 243 million euros.
Original Story: EjePrime – Berta Seijo
Translation: Richard Turner