The property occupies a plot of 54,000m² and a gross leasable surface area of 35,000m².
TH Real Estate has completed its first acquisition of a “premium” logistics centre in the metropolitan area of Madrid, through its European Logistics Fund, for 21.5 million euros and on the advice of Proequity.
The property, built in 2009, occupies a plot of 54,000m² and the gross leasable area measuring 35,000m² can be divided into four different modules, with a storage area of 8,000m² and 675m² of office space in each of them.
Leased through long term agreements to two subsidiaries of El Corte Inglés, the property serves as a logistics centre for the group in the metropolitan area of Madrid.
The fund, aimed at German clients wishing to invest in low-risk assets, invests in logistics assets in Spain, France, the Netherlands and Italy and intends for its portfolio to reach more than 400 million euros.
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