Monday, October 26, 2020
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Patrizia Buys a Logistics Project in Madrid for €50 Million

The German giant has signed a purchase agreement for a turnkey project currently under construction in Valdemoro, which spans more than 65,000 square metres.

The German fund Patrizia has acquired four warehouses under construction on the Valdemoro industrial estate. Together, they span a surface area of more than 65,800 square metres and building work on them is scheduled to end in 2022.

For this turnkey project, the company has paid 50 million euros. This purchase is part of the fund’s wider commitment to the logistics market.

Read the full article in Spanish.

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