King & Wood Mallesons ("KWM") Real Estate team has advised the French REIT Iroko Zen on the acquisition of an industrial warehouse in León previously owned by Abrdn European Logistics Income PLC. The transaction amounts to more than €18 million.
Located in the Villadangos industrial area, in León (Spain), the 32,645 sqm warehouse is currently leased to French sporting goods retailer Decathlon with a weighted average remaining lease term of six years.
The team of lawyers of KWM that has participated in this project has been led by the Real Estate partner José Antonio Calleja.
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