Ibercaja sells to Indigo a parking in Zaragoza

Ibercaja sells to Indigo a parking in Zaragoza

The asset has an area of almost 20,000 m2, in which are distributed a total of 500 parking spaces, 450 of which have been transacted with the operation, and the remaining 50 will continue to be in the ownership of Ibercaja.

For Loïc Delcroix, General Director of Spain and Director of Europe at Indigo: "This important operation is perfectly integrated within our strategy of expansion and growth in Spain. The acquired parking is undoubtedly a great asset, located in one of the prime zones of Zaragoza, city in which we are the parking manager and blue zone of reference. This operation also serves to confirm us as one of the main players of mobility in our country.”

For Ibercaja, this operation answers to the purpose of divestment in non-strategic assets.

Nick Wride, director of Alternative Assets at JLL, says that this operation "is an example of the great interest that exists to invest in alternative real estate assets in Spain, a market with a huge path that will continue to increase at high speed in the next years."

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