Spearvest buys a cross docking logistic warehouse in Zaragoza

Spearvest buys a cross docking logistic warehouse in Zaragoza

With a total area of 6.900 sqm, the warehouse is occupied by operator TXT.

The transaction, advised by CBRE, keeps consolidating Zaragoza as one of the main alternatives to Madrid and Barcelona in terms of logistic investment. In 2019, the investment volume surpassed 160 million euro.

Spearvest Partner, Benoit Pallard remarked that «Plaza’s attractiveness is based on the solid fundamentals it offers logistic investment, with a strategic location and good connections for freight transport, high levels of demand for quality logistic areas and extremely low availability rates. The Plaza, with more than 13 million sqm, is the largest logistic platform in Europe. Nevertheless, this is Spearvest’s first acquisition in Spain and this first-rate logistic asset will provide a solid tether to the portfolio».

CBRE Zaragoza’s director, Miguel Ángel Gómez, assures that «we are, without a doubt, in the presence of a very important operation whose repercussions will be very big, since it positions Zaragoza as one of most attractive logistic investment markets in Spain, with the prospects for 2020, being even better».

Spearvest also has full confidence in the Property Management service for its logistic portfolio in Spain CBRE will provide.

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