Azora, the Madrid-based European private equity real estate manager and one of Spain’s leading real estate investors, has announced the expansion of its Spain-focused last-mile logistics strategy, having raised initial equity commitments from clients of Crédit Agricole’s wealth management subsidiary, Indosuez Wealth Management. This additional capital provides the strategy with a total investment capacity of €250 million ($296 million) to deploy into the last-mile logistics sector in Spain, targeting high-quality opportunities with strong sustainability credentials in the first-ring of Spain’s major cities, and with a specific focus on Madrid, Barcelona and Valencia.
Indosuez’s clients will channel their investment through MilePro Logística Última Milla, a newly created vehicle focused on the acquisition of stabilized core-plus operational assets and, selectively, on the development of new assets
Azora has a strong pipeline of opportunities and recently ac
