Newport by Panattoni has sold Park Antequera to a private investor. The property has around 25,000 sqm of GLA and is fully let to Leroy Merlin on a long-term lease. CBRE advised on the deal, the price of which has not been disclosed. The sale marks Newport Logistics Fund II's exit from the investment.
Located in the province of Málaga, the facility was built to suit by Panattoni Iberia and serves as a regional distribution centre for southern Spain. The land was acquired in December 2024 and the building was handed over in April 2026 after completion of works. The sale therefore completes the investment cycle in under two years.
The scheme is in the Antequera Business Park (PEAN), with direct access to the A-45 motorway. It is 23 km from the Antequera Dry Port, 50 km from Málaga city centre and 55 km from Málaga Airport. It holds a BREEAM Excellent certification and features 223 kWp of solar photovoltaic panels, electric vehicle charging points and LED lighting. The offices have a class A energy efficiency rating.
Begoña Crespo, Head of Industrial and Logistics at CBRE Spain, highlighted the role of location and lease terms in buyers' decisions. “The combination of state-of-the-art projects in strategic locations, top-tier occupiers and long-term leases continues to attract strong investor interest”, she noted.
The sale is part of the activity of the Newport Logistics Funds I, II and III. Their projects represent a combined gross development value of around €870 million, including investments already completed.
