Edición: logistics facilities

Morgan Stanley Real Estate Investing and Zanda Reim’s joint venture has acquired land in Guadalajara to build a warehouse.

The value of the deal between Panattoni and El Corte Inglés could exceed 70 million euros and allow the latter to continue reducing its liabilities.

The company is continuing its expansion in Spain, acquiring a 3,000-m2 logistics facility on the outskirts of Barcelona.

The 13,000 square metre, 104-berth facility is XPO’s largest cross-dock distribution centre on the Iberian Peninsula.