Morgan Stanley and Zanda REIM join forces to invest in the Spanish logistics sector

Morgan Stanley and Zanda REIM join forces to invest in the Spanish logistics sector

In the city of Alcarria, it is planned to build a state-of-the-art logistics warehouse, with a leasable area of ​​more than 30,000 sqm and designed to obtain one of the highest BREEAM sustainability certifications, demonstrating the energy efficiency and environmental protection of the project.

As Oriol Espinet, director of Morgan Stanley Real Estate Investing in Spain explains, this acquisition is "part of our strategy to develop a portfolio of high-quality logistics assets located in the main markets of Spain, with the aim of obtaining added value for our investors ".

The financing of the transaction has been carried out by the Alantra Real Estate Debt Fund and is aligned with the Green Loan Principles, the sustainable financing framework developed by the Loan Market Association. According to Jaime Cano, partner of Alantra Private Debt, this operation "represents the third investment of our real estate debt fund and the first green loan granted by the fund."

In the transaction, Uría Menéndez acted as legal advisor, BNP Paribas Real Estate as commercial advisor, and E&Y as tax advisor. Baker & McKenzie has acted as legal counsel on behalf of Alantra.

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