The US property investment company W. P. Carey completed the sale of a portfolio of six logistics assets, as well as additional land areas dedicated to truck and trailer parking and industrial outdoor storage, in Spain, valued at €97 million, through a sale-and-leaseback transaction. The portfolio is used for the storage of transport vehicles and has been leased to a logistics provider.
The transaction was completed in two stages, with the purchase of four of these assets on 22 December 2025, following an investment of €68 million, and a second payment on 26 May for the remaining two properties, worth €29 million. The complex has storage capacity for approximately 2,500 transport vehicles.
The lease agreement runs for 20 years and the company states that the tenant will invest a large proportion of the profits in developing the portfolio for the future, by creating new areas for industrial use.
“We are delighted to expand our presence in Spain as it continues to be one of the strongest industrial markets in Europe and among the continent’s fastest-growing economies. In addition, the prime locations and criticality of these assets made them an attractive addition to our European portfolio”, said Christopher Mertlitz, Head of European Investments at W. P. Carey.
