Dunas Capital Real Estate (DCRE), the independent real estate asset management platform of Dunas Capital Group, has successfully closed a structured refinancing transaction worth €56 million with Invesco Real Estate, formalized through a long-term financing agreement secured by a state-of-the-art logistics platform located in Chiloeches (Guadalajara).
The new structure fully replaces the existing debt, optimizing the vehicle’s financial structure and aligning it with the asset’s current mature profile, while providing long-term financial stability.
The financing transaction was advised by Dunas Capital Debt, the specialized financial advisory unit of Dunas Capital Group. CBRE and Barrilero also participated as advisors in the transaction.
Miguel López Puche, CEO of Dunas Capital Real Estate, highlighted that “this transaction reflects the confidence of a leading institutional investor both in the quality of the asset and in the strength of our management. The refinancing allows us to consolidate the capital structure of an asset that has successfully completed its development phase and is now fully operational, providing the financial stability required to address the long term from a solid foundation.”
José María Sagardoy, CEO of Dunas Capital Debt, commented that “this transaction demonstrates our ability to structure tailor-made financing solutions for mature, high-quality assets. At Dunas Capital Debt, we have supported the entire process, facilitating a refinancing structure that optimizes the vehicle’s financial position and reinforces the confidence of institutional investors such as Invesco Real Estate in prime logistics assets in Spain.”
The Chiloeches logistics platform: a state-of-the-art asset in the Henares Corridor
The asset subject to the refinancing is a state-of-the-art logistics platform located in Chiloeches (Guadalajara), developed by Dunas Capital Real Estate for Ontime. The property comprises nearly 50,000 sqm of built area on a plot of 84,500 sqm and is strategically located in the Henares Corridor, with direct access to the A-2 motorway, one of the main logistics corridors of the Iberian Peninsula.
The asset specializes in temperature-controlled logistics for the pharmaceutical industry and features an advanced thermal control system that includes storage chambers operating at different temperature ranges. Approximately 69% of the space is dedicated to cold storage, and the facilities also include around 1,350 sqm of office space and 124 parking spaces equipped with electric vehicle charging points.
The project has been developed in accordance with the highest standards of sustainability and energy efficiency, having obtained the BREEAM® Spain Excellent certification, reinforcing Dunas Capital Real Estate’s commitment to developing high-quality real estate assets aligned with current market standards. The property is fully leased to Ontime.
About Dunas Capital Group
Dunas Capital Group is a leading independent platform for the management of financial, real estate, and alternative assets in Spain, with more than €5.3 billion in assets under management. The group offers investment solutions through products characterized by a high degree of innovation and excellence. Its team is made up of more than 70 professionals with extensive experience in financial markets, banking, insurance, private equity, and asset management.
About Dunas Capital Real Estate
Dunas Capital Real Estate is the real estate asset management platform of Dunas Capital Group, an independent management company specialized in alternative investment strategies. With a presence in the main Iberian markets, the firm operates across the entire real estate value chain, with a particular focus on the logistics and industrial segment. Dunas Capital Real Estate currently manages more than 4.5 million sqm of net industrial land in Spain and a logistics portfolio composed of five assets exceeding 225,000 sqm in total area, located in Noblejas (Toledo), Chiloeches (Guadalajara), Loriguilla (Valencia), and Antequera (Málaga).
About Dunas Capital Debt
Dunas Capital Debt is the specialized financing advisory unit of Dunas Capital Group. With extensive experience in structuring highly complex real estate financing transactions, it acts as a leading financial advisor for institutional operations in the real estate debt markets.
About Invesco Real Estate
Invesco Real Estate is a global leader in real estate investment management, with $84.4 billion in assets under management, 605 employees, and 21 regional offices across the United States, Europe, and Asia. Since 1992, Invesco Real Estate has actively invested across the full risk-return spectrum in direct real estate strategies such as core, debt, value-add, and opportunistic investments, as well as listed real estate securities. In Europe, Invesco Real Estate has eight offices in London, Munich, Milan, Madrid, Paris, Prague, Luxembourg, and Warsaw, employing 191 professionals. It manages 205 assets across 14 European countries, with approximately $16.5 billion in assets under management.
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