The Spanish manager Dunas Capital has acquired two land for logistics platforms in the outer crown of Madrid where it plans to invest one billion euros. To do this, it is actively looking for a financial partner, according to Expansión.
Dunas Capital has already closed the purchase of two lands located on the Alma Henares platform, between Madrid and Guadalajara, in the Henares corridor, and in the Noblejas Linear Technology Park (Toledo).
Adding the extension of the two projects, the manager has about six million square meters and the new platforms are expected to be developed over the next four or five years. The intention of the company is to invest in both floors one billion euros, between equity and debt, so it is looking for a financial partner.
Dunas Capital already uses the formula of going hand in hand with a financial partner to undertake investments in the build-to-rent segment. Last October, the Spanish management company announced the creation of a joint venture with the Swiss management company Partners Group to launch its own investment platform in rental housing with the forecast of allocating 400 million euros in the next few years to the development of projects .
The new vehicle, called Nuva Living, began its journey with the acquisition of nearly 200 homes both under development and rented, all of them in Madrid and has recently closed a new investment in the rental market with the purchase of 300 homes in Madrid for one hundred million euros.
These acquisitions include a 160-story turnkey new construction asset in Valdemoro, promoted by Ten Brinke; a property in Atocha with 55 homes, owned by Bank of America; and an asset of 77 units in Tetuán, also owned by the North American financial entity.