CBRE Investment Management (CBRE IM), on behalf of a fund sponsored by the firm, has acquired a 26,100-square-meter (280,938-square-foot) prime logistics development in Castellar del Valles, 30 kilometers (18.6 miles) from Barcelona’s city center.
A new, flexible logistics development, the asset represents 24,795 square meters (266,891 square feet) of modern, high-quality warehouse space, as well as 1,200 square meters (12,916 square feet) of office space. ITERCON, a leading global design and construction company, developed the asset.
The asset has been pre-leased on a long-term lease to international logistics and transport company, ID Logistics, and has been developed to meet the tenant’s requirements, retaining multi-tenancy capabilities, such as shared access points and utilities. The asset targets BREEAM Excellent and Gold LEED certification.
The asset forms part of Barcelona’s Ring 2 logistics area and boasts exceptional transport connections, being
