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Patrizia Sells Two Logistics Platforms in Madrid for €150 Million

The German manager has sold two warehouses located in Getafe and Torrejón de Ardoz, which together span around 110,000 square meters, for 150 million euros.

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The German fund Patrizia has closed the sale of two logistics assets in the Madrid metropolitan area for 150 million euros to the German real estate investment manager Real I.S.

The manager bought the two assets, which are located in the Madrilenian municipalities of Getafe and Torrejón de Ardoz, in 2015 and 2016. Since acquiring the properties, it has transformed them into prime logistics facilities and attracted tenants such as Amazon, Leche Pascual and GM Food.

Read the full article in Spanish.

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