Galil Capital has landed in the Valencian market with the acquisition of its first asset, an industrial building in the municipality of Náquera. The property, located in the Los Vientos de Náquera industrial estate, consists of five separate modules with a total built-up area of approximately 52.103 sqm on a plot of 83.749 sqm.
Three of the complex's five modules are leased, while the first building, with a floor area of 13,557 sqm, is vacant. The fourth module, with 2.578 sqm of office space, is 75% vacant.
The purchase was carried out through Galil Re Náquera, a company 100% owned by Galil Capital. The firm has entrusted the real estate consultants CBRE and Inmoking with the marketing on a co-exclusive basis for the lease of the 13.557 sqm warehouse, which will be available on the market next September.
The warehouse has maneuvering yards, storage space and offices. The industrial asset is also connected to the main infrastructures of the community, with the port and airport of Valencia at a distance of less than 25 kilometers.
Galil Capital was founded in December 2015 by Jerry Zwi Mandel. Its core business is investing in real estate in Spain and its subsequent management. The company's main investments are focused on residential assets in Barcelona and Madrid, with a portfolio valued between 50 and 60 million euros.
«The commercialization of this warehouse will allow us to meet the demand for large surface area in the A7 axis, of special relevance in recent years as an alternative to the prime area of Ribarroja-Cheste», said Javier Muñoz, director of Industrial & Logistics of CBRE for the Valencian Community, Balearic Islands and Murcia.