Transindustrial Partners has acquired a last-mile logistics facility located in the Júndiz industrial estate in Vitoria-Gasteiz for €12 million. The property is on a long-term lease to XPO Logistics. The newly built property has a gross lettable area of 9,645 sqm on a plot of 17,260 sqm.
The property combines logistics and cross-docking functions, featuring 16 loading bays for lorries and a further 14 for vans, as well as a clear height of 13.3 metres in the storage area. The facility incorporates high-risk fire protection class 8, photovoltaic panels, charging points for electric vehicles and LEED Platinum certification.
Located in one of northern Spain’s main industrial hubs, the facility is situated in an area where companies such as Mercedes-Benz, Mercadona, Eroski, DHL and GXO operate. The lease is a long-term triple-net agreement, meaning the tenant bears a significant portion of the costs associated with the maintenance and operation of the asset.
This is the second investment by Transindustrial Partners, a vehicle in which the SOCIMI GreyMile holds a stake and which is managed by Grupo Lar and Azahar Capital. At the end of 2025, it acquired two temperature-controlled logistics assets, located in Sant Esteve Sesrovires, Barcelona, and Riba-roja de Túria, Valencia, for €20.9 million.
The developer and seller of the portfolio was Pk Blue Logistics, advised by Blue Hunter Capital and A&O Shearman. On the buyer’s side, Ramón y Cajal provided legal advice, Arcadis technical advice and Knight Frank commercial advice.
