Azora is concentrating its energy on the logistics sector. In 2021, the business group created two investment vehicles with a focus on last-mile logistics assets in Spain. Since then, the brand has closed eight operations that have raised an investment of approximately 100 million euros and a constructed surface area of almost 90,000 square metres.
Azora’s two logistics investment vehicles are MilePro Last Mile Logistics and PGIM Real Estate Last Mile. The first was created in September 2021 together with Indosuez Wealth Management; the second was created in July 2021 with PGIM Real Estate, the real estate investment division of PGIM, the company that manages the global investments of Prudential Financial Inc. The plan of both brands is to continue investing in Spain, one of the most attractive logistics markets in Europe with great potential for growth.
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