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Thor Logis Acquires a Last-Mile Portfolio in Madrid for €39 Million

A division of the Thor Equities Group has acquired a last-mile logistics portfolio in Pinto and Torrejón, in the South of Madrid, comprising two leased buildings and three new developments.

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One of the warehouses that has been acquired is leased to Gefco.

The portfolio was acquired off market for 38.7 million euros. It comprises two leased assets, one in Pinto and the other in Torrejón, and three new developments. The two leased buildings were built in 2019 and are occupied in their entirety by Gefco (in Pinto) and Endutexon (in Torrejón), with ten-year leases.

“This portfolio will significantly expand Thor Logis’s investment in the Spanish real estate market and offer first-rate development opportunities in the heart of Madrid. We are focused on the need for first-rate industrial and logistics spaces throughout Spain and Southern Europe and specifically in Madrid and the surrounding areas”, said Thor Equities President and CEO Joseph Sitt.

Read the full article in Spanish.

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