Patrizia sells Amazon unit in Alcala de Henares for €110M

Patrizia sells Amazon unit in Alcala de Henares for €110M

Amazon Alcalá de Henares | Photo Collected From Amazon.es

This unusual sale involved funds managed by the same company and it was concluded for more than 110 million euro, which represents a yield of 3.7%, according to newspaper Cinco Días. This was the highest bid received in an «immaculate» process managed by consultant JLL, which ended up surpassing the 100 million euro Patrizia was expecting to receive in September.

For Patrizia, this logistic unit located at Alcalá de Henares is one of its latest acquisitions, part of the Mercury portfolio acquired from American GreenOak in March for around 213 million euro.

This 75.000 sqm centre is the latest bet from giant Amazon in Madrid. In June the American company announced the occupation of this space, which opened in October and complemented the San Fernando de Henares unit’s activity, Amazon’s first unit in the Comunidad de Madrid.

Within the last 7 years, the company opened logistic centres in El Prat (Barcelona), Martorelles (Barcelona), Castellbisbal (Barcelona), Illescas (Toledo), and has recently announced Dos Hermanas (Sevilla). Amazon also has two distribution centres, located in Getafe (Madrid) and Barberá del Vallés (Barcelona), and 12 logistic stations located across the country to reinforce its delivery services.

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