Both logistics warehouses are located in Leganés, Madrid, and have a gross leasable area of 35,000 m2.
The new company has 20 million square metres of warehouse space in 869 locations and 27 countries.
July was an important month for the real estate sector in Spain, where we saw an array of transactions in the logistics, office and hotel sectors. One of the most recent saw Aedas acquire the developer Áurea Homes, while the major listed companies unveiled their returns for the first half of the year.
Savills Aguirre Newman has advised Ares on its acquisition of the logistics asset in Cabanillas del Campo.