Nuveen Real Estate, one of the world's largest investment managers, has completed the purchase of 21,700 sqm of last-mile logistics space in two logistics assets in Madrid. Savills advised on the technical and transactional aspects of the transaction.
The assets, located in the municipalities of Villaverde and Pinto, have 6,700 sqm and 15,000 sqm, respectively, developed by the seller, Engel & Volkers Development. These are two single-tenant warehouses aimed at meeting the high demand for quality logistics space in two areas of high logistics activity in the first and second ring road. The first asset is located at number 30, Calle San Norberto in Villaverde and occupies a plot of 10,500 sqm, while the Pinto project is located on a plot of 23,700 sqm in sector 2 "El Esparragal".
The warehouses will have Breeam Very Good certification.