Savills Investment Management (Savills IM) has sold two logistics properties in Zaragoza, Spain, on behalf of its European Logistics Fund 2 (ELF 2) to Atland Investment Management in an off-market transaction.
The purchase price was not disclosed.
The fully leased portfolio includes a logistics property built in 2009 with approximately 543,600 square feet of leasable space, occupied by an international sporting goods retailer. The second property, built in 2010, comprises two logistics buildings totaling approximately 290,600 square feet, leased to a national grocery retailer and a logistics services provider.
Both properties are located in the Plaza logistics park in Zaragoza, which provides road, rail and air connections to major Spanish markets, including Barcelona and Madrid.
Industrial and logistics properties remain a key investment sector for Savills IM, which manages approximately €7 billion ($8.2 billion) in assets through European funds and ma
