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Sign in Sign up for a FREE subscriptionKKR JV sells logistics park for €108m
KKR, Round Hill Capital and Pulsar Properties have sold Pulsar Iberia Logistics, a Spanish logistics portfolio joint venture, to P3 Logistics Parks for €108.3 million ($125 million).
The Pulsar portfolio is strategically located in the strong and established logistics markets of Madrid and Barcelona, in areas with excellent transport connectivity, deep tenant demand, low vacancy rates and a very constrained supply of available logistics buildings and development land.
The Pulsar portfolio comprises 112,000 square meters (1.2 million square feet) of big-box logistics space, spanning five development schemes, throughout the Greater Madrid region (82 percent of leasable area) and Barcelona region (18 percent of leasable area). The portfolio is fully leased.
“The logistics sector continues to be a key focus area for the Round Hill Capital business. This sale demonstrates the effectiveness of Round Hill Capital’s strategy of using our local market expertise acr
