Spain

Dunas Capital refinances its logistics centre in Noblejas with €48M

Dunas Capital refinances its logistics centre in Noblejas with €48M

Dunas Capital Real Estate has completed the refinancing of its logistics project in Noblejas (Toledo) for €48 million. The transaction was structured around the first operational asset in the Noblejas Linear Technology Park and involved a fund advised by DRC Savills Investment Management LLP.

The refinanced asset is a logistics warehouse with a gross leasable area of 51,400 sqm, inaugurated as part of a development covering more than two million sqm in total. The building, leased on a long-term basis to a first-tier operator, is designed for food storage. Its features include a 25,000 sqm dry storage room, three positive cold rooms totalling 10,725 sqm and four dual-temperature rooms with more than 15,200 sqm, adaptable to positive or negative cold.

The original financial structure of the project included a tranche for the acquisition of the land and another for the construction and development of this first warehouse. In 2024, the operation was initially financed with a loan from Cheyne Capital.

CBRE's Debt & Structured Finance team acted as advisor on the refinancing, while Bufete Barrilero y Asociados provided legal advice.

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