Principal Asset Management has acquired a logistics asset in Seville, Spain, in a sale-leaseback transaction for LOG IN, the European logistics and industrial fund managed by Theoreim.
The asset comprises a fully equipped modern warehouse with cold storage facilities and office space, totaling 12,316 square meters (132,570 square feet). It is leased to a family-owned Andalusian agricultural company on a long-term lease and serves as the main operational hub for the business.
The transaction strengthens LOG IN’s presence in the Spanish market and reflects the fund’s focus on the acquisition of high-quality industrial and logistics assets in robust markets with secure, diversified tenants.
Strategically positioned in the metropolitan area of Seville and close to the Majaravique multimodal logistics hub, the property offers easy access to major transport hubs and routes, including the Port of Seville, San Pablo Airport and the A-4 motorway. It was completed in
