One of the main Family Offices in Guipúzcoa has sold a logistics warehouse in Andoain for a price of more than 10 million euros to another global private equity firm focused on sustainable investment strategies. CBRE has advised the seller on this transaction, while the British fund M7 Real Estate has advised the buyer.
This asset, located in the Industrial Park of Andoain (Guipúzcoa) has more than 16,500 square metres. ITASA, the Spanish leader in siliconised paper, will occupy the property for the next few years. For CBRE's National Director of Industrial and Logistics, Alberto Larrazábal, "the industrial and logistics sector is a sector that continues to be attractive to investors of all kinds. In this transaction, I would like to highlight the ability of CBRE and M7 to maintain the initial price, even though the market has gone through a period of significant yield decompression and price falls at a national level. There is no doubt that this asset segment in the Basque Country will continue to grow and develop over the coming months".
