The pan-European platform Crossbay has completed the acquisition of a portfolio comprising seven logistics assets spread across Madrid, Málaga, Valencia and Murcia for a total of €45 million.
In parallel with this purchase, it has also completed the sale of an industrial property in Borriol, Castellón, to Property Core FII for €12.13 million, enabling it to reinvest the funds generated from the management of its assets, according to elEconomista.
The transaction strengthens the firm’s presence in the Spanish market, where it pursues a strategy focused on properties located in strategic locations, close to major population centres, and with the potential to generate value through active property management.
This latest acquisition follows the purchase of a 43,000-sqm logistics facility in Montcada i Reixac, Barcelona, which took place in 2022 as part of a deal valued at over €60 million. The asset was let to Condis under a long-term lease, enabling the company to expand its Spanish portfolio to 12 assets, totalling over 150,000 sqm of floor space.
That same year, Crossbay completed the sale of a pan-European portfolio comprising 128 logistics assets, plus six under development, which were acquired by Prologis. The transaction was valued at a total of €1,585 million. In 2023, the property platform finalised the purchase, under a turnkey contract, of a last-mile logistics facility covering more than 19,500 sqm in the Can Panyella industrial estate in Gelida, Barcelona.
Crossbay’s renewed interest in continuing to grow in Spain coincides with a time when the logistics market remains one of the most attractive property segments for institutional capital. According to estimates by JLL, investment in logistics assets reached €779 million during the first half of 2026.
