Neinver sells a logistics platform in Valencia to IBI Lion Socimi for €65M

Neinver sells a logistics platform in Valencia to IBI Lion Socimi for €65M

Teckel Gestora, the Neinver group's business holding company, through its logistics division Neinver Logistics, has closed the sale of a logistics platform to IBI Lion Socimi for 65 million euros.

The asset, located in the strategic Valencian town of Llíria, just 47 kilometers from the Port of Valencia, has a gross leasable area of ​​60,000 sqm arranged in a single warehouse.

Neinver Logistics fully developed this project in 2019 under the turnkey formula for Conforama, a company dedicated to the retail sale of home furniture, which currently occupies it entirely.

In the opinion of Daniel Losantos, CEO of Neinver, "this transaction demonstrates our ability and confidence to work with relevant international investors at a good time to recycle capital and diversify, in line with the Group's asset rotation strategy."

This operation has had the experience of the Group, which has been operating in the Spanish market for the promotion of logistics assets for more than 50 years, developing more than two million square meters and which in 2018 carried out an important operation by selling 500,000 sqm of assets logistics.

For Rafael Goldfeld, Co-CEO of IBI Lion Socimi, “the completion of this operation with NeinverLogistics and our financial partner ING represents another step in the expansion of our investment portfolio in the Spanish market. This operation is an example of our investment strategy focused on assets strategically located in the main centers of commercial and logistics activity.”

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