According to the investment group, the facilities have been occupied by “one of the largest logistics groups on the Peninsula” for 17 years. Moreover, Barings has signed a new rental agreement with the tenant for another 20 years, although its identity has not been revealed.
“The favourable demographic factors and growing penetration of e-commerce continue to underpin the growth of the logistics market in Spain, a trend that we expect to continue in the medium and long term,” says the director of the real estate area in Spain, Adolfo Favieres.
