Delin Property has sold two of the logistics parks it developed and leased to full occupation on the outskirts of Madrid to EQT Exeter for €100 million ($111 million).
The properties sold by Delin are Alcalá East Madrid Park in Alcalá de Henares and South Madrid Logistics Park in Illescas, two strategic distribution hubs serving the Spanish capital and the rest of Spain. The parks provide a total of 110,000 square meters (1.2 million square feet) of modern, BREEAM sustainability-rated warehouse space occupied by major third-party logistics providers (3PLs) and consumer brands.
Since acquiring the sites and establishing a local team in Spain in 2018, Delin obtained consent to build the two parks, oversaw their development to meet stringent sustainability criteria and leased all the space. Delin is also c
