The US real estate investment platform Morgan Stanley Real Estate Investing and the Spanish real estate investment and asset manager Zanda Reim have formed a joint venture to buy logistics assets in Spain.
The joint venture’s first acquisition has been a plot of land in Azuqueca de Henares, in the province of Guadalajara, where both companies plan to build a more than 30,000-m2 industrial warehouse to lease.
Financing of the deal was carried out by Alantra and is aligned with the ‘Green Loan Principles’, the sustainable financing framework developed by the Loan Market Association.
