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HNA buys a logistic platform for €10.5M
24 October 2019 | Observatorio Inmobiliario

Insurance company HNA –Arquitectos Superiores y Químicos – acquired a logistic platform in Alovera, Guadalajara (municipality located close to the Spanish capital) for 10.5 million euro.

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The platform, until now owned by a Family Office from Madrid, has 16.674 sqm. Knight Frank and InmoKing Real Estate advised the buyer and the seller respectively.

With this new acquisition, HNA adds one more logistic platform to its portfolio, and confirms its bet on this type of buildings.

Knight Frank’s Director of Logistic, Alejandro Vega-Penichet, assured that «the asset was sought off market and that it offers a good return and a clear upside in terms of increased income in a fully consolidated area».

Partner and director of Inmoking Real Estate’s Madrid office, Roberto Ágreda, opined that «the logistic real estate market’s excellent moment, the great interest in good quality assets and the asset’s location provided a great exiting yield for the seller».