Madrid, March 27th, 2017.
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, has closed 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 is currently 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 is 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 is financed by Kutxabank.
The seller was advised by JLL during the process.
The Bisbal logistic platform is the second investment for Logic Spain KCRE. The vehicle’s objective is to invest more than Euro 100 million in logistic assets in the Spanish market mainly following a Value-Add strategy.
Brunswick Real Estate
Brunswick Real Estate is a market leading adviser, lender and investor in the Nordics. The team includes some 60 real estate investment professionals in Stockholm, Helsinki, Copenhagen and London as well as senior advisers with broad international expertise. The firm is led by Peter Leimdörfer and chaired by Gerard De Geer who have worked together for more than 30 years. The vision was to create a firm acting as a value- creating partner for Nordic real estate investors, based on a clear set of guiding principles with the overriding principle of always putting clients’ interests first.
Today, Brunswick Real Estate is a trusted partner to a wide variety of reputable real estate investors and has successfully advised and invested clients’ capital for more than 20 years. The independent investment bank advises on sizeable real estate transactions and fund placement services. They are also able to capitalise and invest in all real estate asset classes via real estate investment vehicles including the unique ability to engage in principal investments supporting clients to unlock value. Further information is available at: www.brunswickrealestate.com
Grosvenor is a privately-owned property group, active in some of the world’s most dynamic cities. They aim to create high-quality places for people to enjoy and which use resources responsibly.
Today they have 17 offices in 11 countries and assets in 16 countries. They have regional investment & development businesses in Britain & Ireland, the Americas and Asia Pacific. Their international fund management business works in partnership with investors from around the world and has a focus on Continental Europe. They also have indirect investments, managed centrally. As at 31 December 2015, the Group had total assets under management of £13.1bn. Unusually for a private company, Grosvenor publishes a detailed reporting suite – Annual Review, Financial Statements, Environment Data and index of sustainability reporting under the GRI initiative – available at: www.grosvenor.com
Kefren Capital Real Estate
KCRE is a real estate asset management company created in 2012 by the investment firm Kefren Capital. KCRE offers investors the full range of services required for a real estate transaction: sourcing, analysis, financing structuring, deal negotiation and asset management. What differentiates KCRE from other platforms is its ability to co-invest and its investment philosophy – assets are managed from the perspective of the owner and not simply as a third-party manager. Over the last 3 years, the company has closed over 135,000 sqm in logistic transactions in Spain. Further information is available at: www.kcre.es