The newly created Logic Spain KCRE, a Joint Venture between Brunswick Invest, the principal investment arm of Brunswick Real Estate, the international property Group Grosvenor, and the Spanish investor Kefren Capital, has closed the acquisition of a portfolio of logistic warehouses in the “Centro Intermodal de Transporte y Logística de Vitoria-Gasteiz” (CTV) in Jundiz (Basque Country) for circa Euro 11.2 million.
The assets in the portfolio were constructed in 2009 on a total plot area of 46,500 sqm. They comprise 29,700 sqm of cross docking and bulk storage warehouses divided in 10 modules with 109 loading docks and a clearance height of 8 – 10 m., which are currently let to a variety of tenants.
The CTV industrial park is located just 6 km from the centre of Vitoria, near the A-1 and AP-1 highways that serve as the main links between Madrid and the North of Spain.
The CTV portfolio is the first investment for Logic Spain KCRE.