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Crossbay to Invest €500 Million in Premium Logistics Portfolio in Spain

Crossbay, Última Milla’s asset investment vehicle, has set up a local team in Spain to increase its logistics investments in the country.

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Carmen Reviriego, Crossbay’s vice-president and country head in Spain; and Gonzalo Alcover, investment and asset management analyst.

Crossbay plans to invest €500 million in creating a last-mile logistics platform in Spain over the next three years. “We will create a high-quality, consolidated portfolio with a first-rate customer base,” said Carmen Reviriego, the firm’s vice-president and country head in Spain, in an exclusive interview with Brainsre.news.

To carry out the investment, Crossbay modified its business organisation, creating a local team. Gonzalo Alcover, the company’s investment and asset management analyst, summed up the changes: “In the past, we worked with an operating partner in Spain, and now we have a local team from where investments are analysed and executed in coordination with our team in London.”

Crossbay was created as an investment vehicle for last-mile logistics assets in Europe. It owns assets in France, Germany, Spain, Italy, Poland and Belgium, the Netherlands and Luxembourg. “Portugal is a market we are also interested in,” Mr Alcover added.

Read the full article in Spanish

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