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Nuveen buys Amazon’s logistic warehouse
18 September 2019 | Vanessa Sousa

Nuveen Real Estate was the protagonist of the latest logistic operation in Spain by acquiring a warehouse located in Bilbao, leased on a long-term basis to giant Amazon, for 17 million euro.

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The asset has 8.020 sqm, with most of this area – 7.260 sqm – destined to logistics, and the remaining – 760 sqm – occupied by offices, revealed diary Eje Prime.

The asset is located at Valle de Trápaga (Vizcaya) within a terrain with twice its total buildable area – 21.650 sqm. 

Nuveen closed the deal on behalf of European Logistics, a company dedicated to this segment. The seller was real estate group Vusa, according to Idealista.

Photo Shared By Alexander Bilbo through Google