Prologis’s €57 Million Acquisition of Five Logistics Properties

Clifford Chance and Araoz & Rueda advised on the deal

Kefren Capital Real Estate (KCRE), Brunswick Real Estate, and Grosvenor Group completed the sale of five industrial and logistics properties for EUR 57 million.

Prologis has acquired four of the five assets. Blackstone has acquired the remaining one.

The properties are located in Spain’s most established logistics markets of Madrid and Barcelona, as well as the key northern market of Vitoria, have a total surface of almost 90.000 square meters, and are almost fully let with stable lease agreements and a diverse base of occupiers including a mix of third-party logistics providers and end users in the automotive and engineering sectors, among others.

Clifford Chance advised Prologis on the deal.

Araoz & Rueda advised Kefren Capital Real Estate with a team including Eduardo de León (Picture), Jesús Conde, Israel de Diegoy, Vicente Paramio, Javier Sánchez, Gema del Río and Jon Ibeas.

Involved fees earner: Jesús Conde – Araoz & Rueda; Israel de Diego – Araoz & Rueda; Eduardo de León – Araoz & Rueda; Gema del Río – Araoz & Rueda; Jon Ibeas – Araoz & Rueda; Vicente Paramio – Araoz & Rueda; Javier Sánchez – Araoz & Rueda;

Law Firms: Araoz & Rueda;

Clients: Kefren Capital Real Estate SL;