UBS invests €35M in two logistics assets in Madrid

UBS invests €35M in two logistics assets in Madrid

With an estimate total of 35.000 m², the buildings are located in PP10 Warehouses. Most of the warehouses has a GLA of 20,468 m² and has been rented to Cadyssa, a distributor of cosmetics. The 14,500 m² Warehouse 2 is occupied by XPO Logistics operator.

An UBS source ensures that these assets «should provide stable long-term income», since they have leasing contracts of 17 years.

REPM has operated in Iberia since 2003 and manages seven investment funds and has a portfolio of assets valuated at €675M, including offices (circa half of the portfolio), retail and logistic sectors.

UBS was advised on this transaction by Dentons, Novasa & Olive, and KPMG, while the vendor was advised by BNP Paribas.

Iberian Property logoIberinmo logo
Iberian Property is the best platform for investment in Spain & Portugal. Created for those who seek reliable information about players and deals happening in Iberia. Through updated database, reports, market indicators and daily news, we report “Who’s Who” in Iberian Real Estate!. Iberian Property is also proud to organize the most important international real estate investors’ meeting in Iberia - Portugal Real Estate Summit!