Aberdeen Investments, an investment fund manager, has acquired from Merlin Properties a last-mile logistics warehouse located in the Puerta de Madrid Industrial Estate in San Fernando de Henares, east of Madrid.
The property, located 17 kilometres from the capital and 10 kilometres from Adolfo Suárez Madrid-Barajas Airport, is a Grade A cross-docking warehouse built in 2018. It has a gross lettable area of 11,194 sq m on a 21,112 sq m plot of land.
The building is Leed Gold certified and is leased to Inpost, a company specialising in logistics and e-commerce solutions, which will use it as a last-mile delivery centre.
According to Etienne Allepuz, Transaction Manager Spain & Portugal at Aberdeen Investments: ‘This last mile asset in the Puerta de Madrid industrial estate is well suited to the current needs of the Spanish logistics market. It is also the latest addition to abrdn's portfolio in the Iberian Peninsula, which consists of around 700 million assets under management’.
Simmons & Simmons acted as legal advisor, Cushman & Wakefield acted as broker and Savills acted as technical and commercial advisor.
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