This particular asset has an area of 65,000 sqm on a 100,000 sqm plot with direct access and facade to the A-2.
Zaragoza's strategic location has made it one of the main transport hubs, being only 300 km away from main cities such as Madrid, Barcelona, and even with easy access to Toulouse in the south of France. The logistics demand in Zaragoza has been increasing in recent years. Zaragoza airport is the second Spanish airport in terms of air cargo.
To date, the asset was in the hands of the local company Estudio Técnico de Inversiones - ESTESA, which has been advised in the regulated sale process by Savills Aguirre Newman in the real estate and technical part, Garrigues in the legal part, and EUROTEC engineering . As advisers to the buyer, Uría Menéndez has acted in the legal part and CBRE in the technical part.
Kefren Capital Real Estate and CCP 5, the Core Plus Fund of the British management company Tristan Capital Partners, created a Joint Venture in 2019 with the aim of forming a portfolio of logistics centers in Spain with a value of more than 200 million euros, located in logistics centers with good prospects for the future.
In March 2020, the joint venture closed its first acquisition with the purchase of a portfolio of three logistics warehouses that totaled 43,000 sqm in Azuqueca de Henares (Guadalajara), and already has more than 100,000 sqm in logistics assets under management .