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Aberdeen Acquires Last-Mile Logistics Project in Madrid

Aberdeen Standard Investment fund has commissioned DeA Capital Real Estate to develop a last-mile logistics warehouse in Madrid. According to the media, Aberdeen will pay the Italian management company a price of around 25 million euros.

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The property to be built by DeA Capital will have 19,000 square metres, located on a 27,000 square metre plot.

It’s the second operation of the investment arm of the Italian holding company De Agostini. In May, it announced its intention to invest 150 million euros in Spanish real estate through one of its funds. With this disbursement, it wants to build a portfolio of more than 50,000 m2. After expanding into the country, it opened an office in Madrid.

Aberdeen, now Abrdn, has the last-mile asset in Barcelona for which it paid 19 million euros in the summer and a centre leased to DHL in Coslada.

Read the full article in Spanish

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