Aquila Capital, through its ACSEL fund, has completed the purchase of two logistics assets in Zaragoza from the joint venture formed by EVD and Nuveen Real Estate. The facilities are located in the Ciudad del Transporte industrial estate and are currently under lease to the operator Ontime. Furthermore, BNP Paribas Real Estate acted as advisor on the transaction.
The first asset is a logistics warehouse with a gross floor area of 10,722 sqm. This property stands out for including 3,080 sqm specifically for deep-freeze storage intended for the food industry. Technically, the building has 8 loading bays for lorries and is classified with a fire risk level of 8.
The second asset consists of a cross-docking facility with a gross floor area of 12,044 sqm, designed for high-turnover distribution. This facility is equipped with 57 loading bays for lorries, 55 loading bays for vans and an automated parcel sorting system, maintaining a fire risk level of 5.
Both properties hold BREEAM Very Good sustainability certification and form part of Ontime’s distribution network, covering the corridors of Madrid, Barcelona, Bilbao and Valencia.
This transaction marks the joint venture’s first divestment, which has an investment capacity of €200 million in equity earmarked for the development of logistics projects in Spain and Portugal.
The partnership between EVD and Nuveen Real Estate is currently developing a number of logistics projects across the Iberian Peninsula and plans to make further acquisitions of land or assets during the current financial year of 2026.
