en.Wedoany.com Reported - Partners Group, a private markets investment firm, has completed the sale of its Spanish urban logistics portfolio to M7 Real Estate, making it the largest transaction in the Spanish logistics market so far this year.
The portfolio was developed since 2019 in a joint venture with Grupo Aristeas, focusing on building a high-quality urban logistics asset platform. It comprises 12 prime logistics assets in Madrid and Barcelona, totaling 108,000 square meters. These properties are leased to 14 tenants with an occupancy rate of 88%, providing a stable and diversified income base with potential for rental growth.
The assets are of high construction quality, with an average build year of 2015, and hold BREEAM "Very Good" or "Good" sustainability certifications. They are located adjacent to major logistics corridors in Madrid and Barcelona, facilitating efficient distribution to large urban areas, established industrial centers, and the national transport network.
Partners Group and Grupo Aristeas implemented a strategy based on consolidating mid-sized logistics assets, each approximately 9,000 square meters, in strategic locations within Spain's key markets. This transaction represents a partial divestment of their joint logistics portfolio in Spain, which still includes two projects under construction. According to the company, the sale will generate substantial distributions and attractive returns for investors.
This divestment completes the strategy initiated by Partners Group and Grupo Aristeas through their joint venture in 2019. Henrik Orrbeck, Global Co-Head of Real Estate at Partners Group, emphasized that the firm successfully built a highly differentiated portfolio benefiting from structural trends such as population growth and urban development in Spain, expressing satisfaction with the results achieved for the firm's clients.
Miguel Mazin, founder of Grupo Aristeas, stated that the transaction concludes years of joint efforts to consolidate a high-quality logistics portfolio in the country's main economic centers. Following the sale, Partners Group will focus its activities on the two assets still under development within its Spanish logistics platform, while Grupo Aristeas will continue executing its strategy of acquiring, developing, and managing urban logistics assets in prime locations across Spain's major cities.
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