The property developer Hispavima has announced that it has completed the sale of the last of its logistics assets that formed part of its Project Key portfolio, developed over the last two years, thereby consolidating its strategy of creating value in high-quality logistics projects in key regional markets.
The asset is a triple-temperature logistics warehouse (ambient, positive cold and negative cold), located in Megapark, Dos Hermanas, in Seville, and has been acquired by the Luxembourg-based SICAV Unik Capital. The property is on a long-term lease to the convenience logistics company Conway.
The asset has a gross lettable area of 5,403 sqm and 485 sqm of office space, a 32-metre loading bay, 14 metres of clear height, as well as a 500 kW rooftop photovoltaic installation. The project has been awarded BREEAM Very Good certification.
“This project aligns with our investment strategy of focusing on well-located assets with solid fundamentals, centred on preserving long-term value for our investors”, stated Etienne Brocas, Unik Capital’s country manager.
“The asset is strategically located in an established logistics hub within a key regional market such as Seville, ideal for last-mile distribution activities and boasting a robust business environment, where leading companies such as Amazon, Arnedo, Steff and DIA operate. The interest shown by investors in this portfolio reinforces our strategy of developing high-quality projects outside the usual markets, where the supply of this type of asset is clearly insufficient”, said Jorge Truchado, Hispavima’s managing director.
On behalf of Hispavima, the sale was handled by JLL, while the buyer was advised by C&M. On legal and technical matters, Cuatrecasas advised Hispavima on the sale of the entire portfolio. Hogan Lovells and Almar Consulting advised Unik Capital on this investment.
