Azora has expanded its last-mile logistics investment capacity to €250m with Indosuez Wealth Management, the wealth management subsidiary of French bank Crédit Agricole, the Spanish asset manager said.
Specifically, Azora, which Crédit Agricole CIB has advised on the transaction and Freshfields Bruckhaus Deringer on the legal side, has announced the expansion of its Spanish-focused logistics strategy, having raised capital commitments from Indosuez clients.
This capital gives the strategy a total investment capacity of €250 million, aimed at capturing opportunities in the first ring of major cities, particularly in Madrid, Barcelona and Valencia.
Indosuez’s clients will channel their investment through MilePro, a newly created company focused on purchasing stabilised core-plus operating assets and the development of new real estate.
