Meridia Capital Partners , SGEIC, S.A., ( “Meridia Capital”) announced the acquisition of a 24,063 sqm portfolio of four assets located primarily in Madrid. The portfolio includes a logistics platform and three retail units . All the assets have been acquired through Meridia II for approximately €20 million .
The logistics platform has a total gross leasable area ( GLA ) of 16,385 sqm and is located in one of the main logistics areas in Madrid (CLA , Getafe) , which concentrates recogni z ed logistics and end - user companies (e.g. DHL, Decathlon, Flex , Conforama ). The three retail units have a total GLA of 7,678 sqm and are leased to important food retailers such as Mercadona - the leading Spanish food retailer - or Dia - ranked third .
Launched in 2014, Meridia II is a € 150 million real estate fund (€400 million including debt) , mainly focused on Spanish logistic s , retail and office sectors . After th is last transaction the vehicle is almost fully invested (94%)
Juan Barba, Partner, Managing Director for Real Estate at Meridia Capital , said “This deal is yet another example of the good value - add opportunities that the Spanish market offers. The presence of many prominent tenants in the area of our recently acquired logistics platform proves the relevance of this prime location. This deal further strengthens our retail/logistics exposure in Spain, complementing our previous acquisitions of a warehouse in Valencia plus the Consum and Aecus ret ail portfolios. This transaction adds the seventh Mercadona unit to our portfolio, thus consolidating our relationship with the top food retailer in Spain. ”
Meridia Capital was advised on this deal by Aguirre Newman and Cuatrecasas while the seller was advised by CBRE .
About Meridia Capital
Meridia Capital Partners, regulated by the Spanish Securities Market Commission (CNMV), is one of Spain’s leading alternative investment fund managers. With assets under management of €525 m illion (equity), the group has an investment capacity of over €1 b illion and is one of the few diversified and largest fund managers in Spain.
Throughout its history, Meridia Capital has achieved above average returns and has gone from a mostly private investor base to partnering with some of the world’s most highly regarded institutional investors. The firm has grown and evolved to become a successful multi - sector and multi - fund investment company.
Through its vehicles Meridia I, II and III, it boasts extensive experience in the real estate sector, having handled numerous transactions in both Spanish and foreign property markets. In 2016 Meridia Capital also launched M eridia Private Equity I, a €125 Million private equity fund that targets small cap com panies headquartered in Spain
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