Dunas Capital Real Estate has completed a structured refinancing transaction worth €56 million with Invesco Real Estate for its logistics facility in Chiloeches, Guadalajara. The agreement, formalised through long-term financing, is secured by the asset developed by the company for Ontime.
The new structure fully replaces the vehicle’s existing debt and adapts its financing to the property’s current profile, now that the development phase has been completed and the asset is operational. The transaction was advised by Dunas Capital Debt, the financial advisory unit of Grupo Dunas Capital, with CBRE and Barrilero also acting as advisers.
The facility comprises approximately 50,000 sqm of floor space on a plot of 84,500 sqm. It is located in the Corredor del Henares, with direct access to the A-2, one of the main logistics corridors on the Iberian Peninsula.
The property is designed for temperature-controlled logistics for the pharmaceutical industry and incorporates storage chambers across a range of temperature zones. Approximately 69% of the floor space is dedicated to cold storage. The facilities also include 1,350 sqm of office space and 124 parking spaces, with electric charging points.
The asset holds BREEAM Spain Excellent certification and is fully let to Ontime.
“The refinancing allows us to consolidate the capital structure of an asset that has successfully completed its development phase and is now fully operational, providing the financial stability needed to approach the long term from a solid foundation”, said Miguel López Puche, CEO of Dunas Capital Real Estate.
