Real estate investment is continuing to bet on the logistics sector. And the Basque Country is one of the most active areas in terms of industrial investment. In this regard, Vitoria will soon have a new logistics park on land previously occupied by a former battery factory (Cegasa) to boost the supply in the province of Álava by 128,000 square metres (or 80,000 in built sqm terms).
The operation has been advised by ProEquity and the buyer is PK Blue Logistics, an alliance formed by H.I.G. Capital, Pulsar Krean and Savills Investment Management. The objective is to rehabilitate and renovate warehouses and offices for sale or rent, involving a total investment of 50 million euros.
Read the full article in Spanish.