Trammell Crow Company (TCC) has signed two transactions with AEW.
AEW has acquired one completed development and is forward funding the development of a second, both in Granollers, Spain, a location bordering Barcelona’s 1st Ring.
On behalf of its Eurocore fund, AEW has acquired TCC’s CORE Granollers I site, a 8,601-square-meter (92,580-square-foot) asset, which was TCC’s first completed development in Europe and is fully let to AGCO Corp., an American agricultural-machinery manufacturer. The 13,787 square-meter (148,402-square-foot) site was acquired off market in May 2022, and TCC developed a class-A warehouse with EPC A and BREEAM Very Good ratings. Andersen Legal and CBRE acted on behalf of TCC, and Fabregat advised AEW.
AEW has also acquired a second 21,269-square-meter (228,937-square-foot) site, which will be known as CITYDOX Granollers, on behalf of its Logistics development fund, and has signed a development agreement with TCC to build a 14,150-s
