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U.S. firm buys in Spanish industrial scheme, part of €600m investment plan
Transactions - OCTOBER 31, 2022

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U.S. firm buys in Spanish industrial scheme, part of €600m investment plan

by Andrea Zander

Stoneweg SA has completed, on behalf of the Icona Capital Group, the sale of the former bottling plant of Casbega in Fuenlabrada, a large industrial site in Madrid, to Thor Equities.

Stoneweg acquired the former bottling plant in the Nino del Remedio Industrial Estate in 2020. The 211,000-square-meter (2.3 million-square-foot) industrial space adjacent to Madrid's inner ring-road is strategically located in the municipality of Fuenlabrada and benefits from excellent transport links.

The sale to Thor, as part of its own stated expansion to build up Thor Digitaland, will result in an investment of €600 million ($598 million) and turn the site into a state-of-the-art data center.

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