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Barings Sells Logistics Park in Toledo to M&G for 40 Million Euros

The investment manager has sold the Ontígola Logistics park on behalf of one of its funds. The asset comprises two warehouses totalling 49,000 square metres.

Barings has sold the Ontígola Logistics park on behalf of its BREEVA I value-add real estate fund to M&G Real Estate for €40.6 million. The asset is located near Madrid, in the municipality of Ontígola (Toledo).

With this transaction, M&G brings its total exposure in Spain to close to €1 billion. The acquisition has been agreed on behalf of the €4.4 billion M&G European Property fund.

In May 2019, Barings acquired the land and then commissioned the developer Logistik Services to build the park, which consists of two warehouses with a total area of 49,000 square metres. The asset is currently leased for a period of nine years by the firm Iskaypet.

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