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Barings buys logistics asset in Spain for €43m
Transactions - MARCH 6, 2020

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Barings buys logistics asset in Spain for €43m

by Released

Barings has acquired a quality logistics asset totaling 48,000 square meters (517,000 square feet) in Madrid for €42.8 million ($48.4 million) on behalf of institutional investors. The acquisition has been structured through a sale-leaseback agreement.

The tenant, one of the largest Iberian logistics groups, which has occupied the asset for more than 17 years, will enter into a new 20-year lease. In addition, Barings has also acquired a plot of land adjacent to one of the existing units, which is already zoned for logistics and could accommodate up to 10,500 square meters (113,000 square feet) of additional warehouse space to facilitate the tenant’s future growth.

Through this strategic partnership with Barings, the tenant will free up resources from its real estate division to invest in its fast-growing transport and logistic business that requires significant capex in order to maintain its competitive advantage in the market.

Gunther Deutsch, managing dire

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