The operation, advised by the consultant Proequity, consists on the acquisition, under the modality forward funding, of three turnkey logistics projects of approximately 33,000, 25,000 and 27,000 m2 of constructed surface.
The price for which the agreement has been closed has not been revealed by the parties, but the value of the 3 completed projects is estimated at around €100 million.
The first project to be developed will have two platforms of 22,000 and 11,000 m2, it can accommodate up to four different operators and its delivery is scheduled for the first half of 2019.
With this acquisition, Palm Capital will become the main owner of the Los Gavilanes Business Area, with more than 85,000 m2 of rentable logistics space. Gavilanes represents the first acquisition of Palm Capital in the Spanish logistics market, and sets the beginning of an ambitious expansion plan with which it intends to acquire and promote more logistics assets in the short term.
