The logistics platform has a gross lettable area (GLA) of 16,385m2 and is situated in one of the principle logistics zones of Madrid (CLA, Getafe), which brings together recognised logistics centres and firms. The three retail units have a total GLA of 7,678m2 and are leased to well-known food distributers such as Mercadona and Día.
Launched in 2014, Meridia II is a real estate fund of 150 million euros specialised above all in the logistics sector, in retail and in offices in Madrid. Including this last project, the funding vehicle has now invested practically all its capital (94%).
Juan Barba, Partner, Managing Director of Real Estate at Meridia Capital, states, “This transaction is another example of good value-added opportunities in the Spanish market. The presence of well-known tenants in the area of the recently acquired platform is proof of its excellent location. This deal strengthens our presence in the Spanish retail and logistics sectors and complements our previous acquisitions of premises in Valencia, as well as the Consum and Aecus portfolios. With this acquisition, we are incorporating the seventh Mercadona unit into our portfolio, thus consolidating our relationship with the leading food group in Spain.”
For this deal, Meridia Capital were assisted by the consultants Aguirre Newman and Cuatrecasas, while the seller was assisted by CBRE.