Logic Spain KCRE, a Joint Venture created between Brunswick Invest, the principal investment arm of Brunswick Real Estate, the international property Group Grosvenor, and the Spanish investor Kefren Capital, closed in March 2017 the acquisition of a logistic platform located in La Bisbal del Penedés (Tarragona).

The platform was built in 2005 on a total plot area of 25,000 sqm. Total built area amounts to 15,252 sqm -including c. 500 office sqm-, and it was let to Applus Idiada, a top player in the designing, testing and homologation services for the automotive industry.

The logistic platform is located just 5 minutes away from the AP-2 (Madrid-Barcelona) and AP-7 (Mediterranean Corridor) highway junction, 40 minutes from the Barcelona Port and 20 minutes from Tarragona Port. The logistic park has direct access to Applus Idiada’s large proving grounds, where the company carries out its automotive tests.

Logic Spain KCRE was led by asset management firm Kefren Capital Real Estate (KCRE) and was advised by Bufete Buigas on the legal side and Mace on technical matters. The transaction was financed by Kutxabank.

The asset was successfully disposed within the Colombus Portfolio in February 2019.