Patrizia Immobilien has agreed to forward-fund a DHL and Logisfashion pre-let logistics centre in Ontígola in Spain for €37.5m (£33.2m) for its pan-European value-add fund TEP VII.
Acquired off-market for TEP VII, the 715,000 sq ft grade-A logistics centre south of Madrid comprises two warehouses which are 100% pre-let on triple net agreements. Delivery is expected during the first half of 2019.
You must be logged in to view premium stories.
Take out a print and online or online only subscription and you will get immediate access to:
To get access to premium content subscribe today
Alternatively REGISTER for a free trial to access up to 4 articles and sign up for email alerts