Crossbay, the logistics platform, has closed the lease of an industrial warehouse located in the Carretera del Mig Industrial Estate, in L'Hospitalet de Llobregat, Barcelona. The transaction has been advised by the real estate consultancy firm Invertica Irels.
The asset is part of a group of three new generation corporate warehouses with a total surface area of 8,794 square metres. The leased warehouse comprises 2,294 sqm for storage and 596 sqm for offices. The asset also has Breeam Excellent certification and the incorporation of LED lighting and solar panels.
Following this transaction, two adjacent modules remain available with areas of 3,068 sqm and 2,835 sqm, respectively.
Mark Capital Management also announced this week the final close for its latest pan-European urban logistics fund, Crossbay II. With €660m in equity commitments, is one of the top 10 largest logistics and industrial funds globally to have closed this year. Commenting on the fundraise, Crossbay Chairman and MARK Capital Management chief executive Marcus Meijer, said: “We are seeing enhanced investor appetite to work with specialist managers raising tactical funds with a tight thematic focus to access growth opportunities within real estate. This was the rationale behind our pivot away from diversified funds and into sector-specific strategies like Crossbay, with the latest fund surpassing the last in size and attracting a more geographically diverse investor base, positioning us well for our next fundraise.”
