The logistics platform in Seseña occupies a surface area of 40,000 m2. For this asset, Meridia Capital plans to carry out an intensive CapEx programme. Most of the warehouse is rented to the German leading mail and logistics company DHL.
The other two office assets are located in the Julián Camarillo area, a consolidated business area in Madrid where Meridia already owns nine buildings. The office building “Santa Leonor 35” has the headquarters of Suez Environnement. It’s an asset which Meridia Capital acquired to Northstar, the global manager of real estate. It has 4,000 m2 and 70 parking spaces.
The other property, located at “Julián Camarillo 16”, is leased to Indra Systems. This modern and state-of-the-art building has 8,300 m2 and 140 parking spaces.
Juan Barba, Partner, Managing Director Real Estate at Meridia Capital, said that “we are delighted to have added three more valuable assets to our portfolio. Seseña’s logistic platform is the second industrial asset acquired through Meridia III, reinforcing our presence in this segment, in a strategic location. It's a segment that has become an increasingly attractive in the current context of economic recovery and increasing demand. On the other hand, we’re pleased to work together with two prominent multinationals such as Suez Environnement and Indra Systems.”
Javier Faus, Founding Partner & CEO, added: “With Santa Leonor 35 we close the investment period of Meridia II, and start a new phase in the assets management, which will continue to increase the value to our investors. With Seseña and Julián Camarillo 16, Meridia III had closed 6 transactions, and only three months after the final closing it is already invested in ca. 50%. The Spanish market for value added assets offers great opportunities and we expect to invest the remaining capital over the next 12 to 18 months”.