CBRE IM wants to divest part of its logistics assets in Spain. Specifically, eleven warehouses located on the axis of the A-2, between Madrid and Guadalajara, according to Cinco Días.
The combined surface area of the assets totals around 200,000 square metres, occupied by different types of tenants. Cbre IM expects to earn around 110 million euros from the sale.
One of Cbre IM's latest operations in the logistics segment was the purchase in September 2022 of two logistics assets owned by DWS in Torrejón de Ardoz and Meco, both in Madrid, with a gross leasable area of 67,859 sq m. The first asset, located in the town of Meco, was built in the second quarter of 2020 and has 51,969 sq m of floor space. The second asset, located in Torrejón de Ardoz, was completed in the fourth quarter of 2019 and has 15,890 square metres.
The performance of Cbre IM's transaction will serve to test the logistics investment market, which at the end of the first half of the year had raised €630 million, representing a year-on-year decline of 56%, according to the latest data published by JLL.