Thor Equities Group closes sale of prime European logistics portfolio to Crossbay

Thor Equities Group has completed the sale of a European warehousing portfolio to Crossbay, the urban logistics platform of pan-European investment manager MARK.

The high-quality portfolio of eight assets includes existing warehouses and development sites on the outskirts of major cities in Spain, France and the Netherlands.

The Spanish assets are situated in the locales of Coslada, Madrid, and Barcelona’s Montcada and El Prat. Dos Hermanas, Seville, and the Northwest’s Vigo make up the remaining assets in Spain.

Villunueve is located within the first ring of Paris, while the Netherlands’ Lisse is on the southwest outskirts of Amsterdam.

Tenants in the portfolio include Amazon, Conway and the Volkswagen Group.

The transaction announced today adds to Crossbay's growing portfolio. The platform has acquired more than 120 assets across Europe since its launch in May 2020.

Crossbay owns and operates one of Europe’s largest pure play urba