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Barings Buys Several Logistics Warehouses in Madrid for €42.8M

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The manager purchased ING’s headquarters last year

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.

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