Previous Next
Colonial places logistic portfolio on the market for €400M
21 March 2019 | Vanessa Sousa

At a time when investment funds and REITs show a clear interest in logistic assets in Spain, Colonial places a 12 warehouse portfolio it inherited from Axiare on the market. And it expects to sell them for 400 million euro, given its valuation at the end of 2018.

Foto

 

The Spanish REIT delegated the operation on consultant JLL as well as Knight Frank, who are also in charge of market research.

The real estate company’s spokesman tells Cinco Días newspaper that Colonial’s team is «starting a new logistic portfolio study stage, in which all alternatives are possible». The possibility of not selling this portfolio is also on the table.

The logistic assets belonging to this portfolio are spread out throughout the Spanish territory, in Madrid, Guadalajara, Tarragona and Seville. They are part of a Colonial portfolio that reached in 2018 11.348 million euro.