With an estimate total of 35.000 m², the buildings are located in PP10 Warehouses. Most of the warehouses has a GLA of 20,468 m² and has been rented to Cadyssa, a distributor of cosmetics. The 14,500 m² Warehouse 2 is occupied by XPO Logistics operator.
An UBS source ensures that these assets «should provide stable long-term income», since they have leasing contracts of 17 years.
REPM has operated in Iberia since 2003 and manages seven investment funds and has a portfolio of assets valuated at €675M, including offices (circa half of the portfolio), retail and logistic sectors.
UBS was advised on this transaction by Dentons, Novasa & Olive, and KPMG, while the vendor was advised by BNP Paribas.