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CBRE GI sells 5 logistic assets for €30M
30 March 2020 | Vanessa Sousa

CBRE Global Investors concluded last week its second divestment in Spain. This time, it came to an agreement with American management company Clarion Gramercy for the sale of a set of 5 logistic assets for 30 million euro.

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The 5 assets have a total 60.000 sqm and are located in a privileged area of Madrid, the Corredor del Henares (Henares Corridor), as reported by newspaper Expansión based on market sources.

CBRE GI was advised by consultant CBRE in this operation and had the legal support of Pérez-Llorca. Clarion Gramercy, hired Herbert Smith Freehills and Grant Thornton to advise the operation.

This is the second divestment operation CBRE GI carries out in Spain this year. The first was the sale of Edifício Axis building (which is currently being rehabilitated) to fund GPF Capital for 100 million euro. The fund management company has already traded a total 2.900 million euro in assets, in Iberia alone, since 2017, revealed the newspaper.

Clarion Gramercy, was created by the American giant Clarion Partner’s absorption of Gramercy Europe, a company specialized in logistics.