Árima buys first logistic asset in Madrid for €16.4M

Árima buys first logistic asset in Madrid for €16.4M


The information was advanced by the Comisión Nacional del Mercado de Valores (Stock Market National Committee), and does not disclose the seller’s identity.

This warehouse is located at San Agustín de Guadalix, an area of Madrid which is «an excellent enclave for distribution for the whole of Spain», it can be read in the same document. The warehouse is currently leased to food distribution company Eroski, until 2025. The asset has 1.220 sqm destined for offices and 177 parking spots in an external car park.

This young Spanish REIT – which has been listed in the Madrid Stock Market since October 2018 – already has a 40 million gross asset value, according to the latest data provided by the company. With this operation, the logistic sector now represents 12.7% of the company’s portfolio. The office sector represents 87.3%.

In the last few months alone, the company acquired six buildings, which, according to Spanish newspaper Eje Prime, have a 54.000 sqm combined GLA.

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