Lluis Muntadas 5 Office building Kefren Capital Real Estate

LLUIS MUNTADAS 5

on 09/20/2023

Office building with a total GLA of 13,100 square meters above ground spread over five upper floors, including 218 parking spaces (of which, 143 are in the adjacent building)

Located in an area that has undergone significant growth over the past 15 years, driven by increasing demand resulting from limited availability of space in the city center and revitalization projects

Torregalindo: Corporate Headquarters Building

Europi Property Group (EPG), Arie Investimentos (Arie) and Kefren Capital Real Estate (KCRE) acquired this grade A building from a German Multinational firm in a partial sale and leaseback transaction in May 2023.

The asset comprises 13,100 square meters, above ground and has plenty of services such as canteen and meeting rooms. The building is strategically located, close to local, national and international transport infrastructure, as well as nearby amenities.

The JV plans to optimize the asset from an ESG perspective and achieve LEED Gold certification, aiming to deliver a world- class space that is sustainability-oriented, ready to meet the present and future demands existing and future occupiers seek, and at an attractive price point

Torregalindo - Kefren Capital Real Estate
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Kefren Capital Real EstateLLUIS MUNTADAS 5
Kefren Capital desarrollo logistico en Constanti (Tarragona)

CONSTANTÍ

on 01/26/2022

Grade A logistics platform of 40,000 sqm divided in four independent modules

The asset is located in Constanti, 100 kilometres from Barcelona, an optimal location for XXL logistics with consolidated companies sharing the same location such as Dachser, Correos, DHL, Katoen Natie and Amazon

Kefren Capital Real Estate (KCRE) y Tristan Capital Partners  signed in 2021 a Forward Purchase Agreement with Goodman for a turnkey logistics platform of approximately 40,000 square metres located in the Industrial Park of Constantí (Tarragona).

The construction of the warehouse was completed as per the agreed schedule and delivered in Q4 2022. In addition, it has been completely leased to a top tier retail operator. Regarding the technical features of the warehouse, it consists of four independent storage modules of 10,000 sqm each, with a large parking area, 40 loading docks, and ample manoeuvring yard space. The warehouse is adapted to Medium Risk 5 and has BREEAM Excellent certification, meeting the most demanding sustainability standards. The asset enjoys a privileged location in Constantí, with close access to the AP-7 motorway.
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Kefren Capital Real EstateCONSTANTÍ
Esplugues 225 Office building Kefren Capital Real Estate

ESPLUGUES 225

on 12/10/2021

Office building with a total GLA of 9,556 square meters above ground spread into ground floor, ten upper floors, a semibasement, and 3 parking floors including 206 parking spaces

The asset is located in Cornella de Llobregat, an area that has experienced an important development in the last 15 years due to the lack of stock in the city center.

Torregalindo: Corporate Headquarters Building

Europi Property Group (EPG) Arie Investimentos (Arie) and Kefren Capital Real Estate (KCRE) own this iconic and modern office building located in an area that benefits from excellent transport links and amenities.

The asset comprises 9,556 square meters above ground, with almost 800 square meters per floor. It’s located in Cornella de Llobregat, a micro market that host a large number of multinational firms (the building is next to the headquarters of Bayer), due to the high quality of the buildings, as well as the connectivity to Barcelona City Centre.

Europi, Arié and Kefren have successfully enhanced a capex program in the building focused on improving the ESG credentials of the asset, achieving a BREEAM Excellent certification by implementing LED lighting throughout the entire building among other measures to improve the efficiency of the building, aligning it with the highest institutional standards. In addition, the lobby has been totally refurbished offering a best-in-class building, and sustainable space to enhance the tenant experience.

Torregalindo - Kefren Capital Real Estate
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Kefren Capital Real EstateESPLUGUES 225

MALPICA

on 02/22/2021

Logistics warehouse with a total built area of c.65,000 sqm located in Malpica Industrial Estate

The asset is located in Malpica, just 15 km east of Zaragoza city center benefitting from extensive modern roads and infrastructures, and with direct access to the Barcelona A-2 corridor

Logistics warehouse with a total built area of c.65,000 sqm located in Malpica Industrial Estate

Kefren Capital Real Estate (KCRE) acquired this warehouse in February 2021, being their first investment in 2021.

The asset was built in six different phases over a total plot area of 101,599 sqm and comprises c. 65,000 sqm of Gross Lettable Area (GLA). Currently, 95% of the area is let with a WAULB of 5.85 years to tenants exposed to different sectors with strong macro tailwinds (manufacturing, third party logistics and pharma).

Regarding technical specifications, the property has 40 loading docks and a free height between 8 and 13 meters. Additionally, four phases are type B and the remaining two are Type C.

Logistics warehouse with a total built area of c.65,000 sqm located in Malpica Industrial Estate
Logistics warehouse with a total built area of c.65,000 sqm located in Malpica Industrial Estate
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Kefren Capital Real EstateMALPICA
Logistics platform - TK I - Kefren Capital Real Estate

AZQK PORTFOLIO: TK I

on 01/28/2021

Logistics platform with 14,000 sqm of GLA located in Azuqueca de Henares, one of the largest logistic hubs in Spain

The asset has immediate access to the A-2 (exit 38), near consolidated companies such as MRW, Mercedes or AB InBev.

Kefren Capital Real Estate (KCRE) acquired this asset in the context of a larger portfolio in March 2020, prior to the declaration of the state of alarm in Spain due to the covid crisis.

The warehouse, with a total GLA of 14,000 sqm, was constructed over a total plot area of 23,705 sqm. Regarding technical details, the asset has an average clearance height of 11.5 meters, 12 loading docks and 10 gates. KCRE during 2022 carried out a comprehensive renovation of the asset. During the refurbishment process, the asset was converted into a type B warehouse adapted to Medium Risk and divided in two independent modules of 7,000 sqm each. The renovation process also entailed the implementation of LED lighting, the upgrading of the fire protection systems, the rehabilitation of the slabs, loading docks, etc. Currently, both modules are fully leased to institutional logistic players.

This was the first investment carried out by KCRE in 2020
AZQK PORTFOLIO TK I -Planta
AZQK PORTFOLIO TK I -Planta
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Kefren Capital Real EstateAZQK PORTFOLIO: TK I
logistic warehouse TK II - Kefren Capital Real Estate

AZQK PORTFOLIO: TK II

on 05/08/2020

13,000 sqm logistic warehouse located in one the most consolidated logistics hub.

The asset is located in the Henares Corridor, more precisely in Azuqueca de Henares, with immediate access to the A-2 (exit 38) and in close proximity to companies such as ID Logistics, XPO, Dia, etc.

Kefren Capital Real Estate (KCRE) acquired in March 2020, prior to the declaration of the state of alarm caused by the coronavirus outbreak, a logistics warehouse with a total GLA of 13,384 sqm and located in Azuqueca de Henares.

The platform was constructed in 2004 over a total plot area of 21,532 sqm. Regarding technical details, the asset has a clearance height of 13.2 meters, 14 loading docks and 11 gates. Additionally, it also includes a fully conditioned office area (A/C and others) and a fire protection system with ESFR sprinklers, fire hoses, smoke vents, etc.

KCRE during 2023 carried out a comprehensive renovation of the asset and adapted it to Medium Risk 5. The renovation process also entailed the implementation of LED lighting, the upgrading of fire protection systems, the rehabilitation of the loading docks, etc. Most of the actions envisaged in the capex program were aimed at improving the sustainability of the building and its ESG credentials by obtaining a BREEAM Very Good certificate
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Kefren Capital Real EstateAZQK PORTFOLIO: TK II
Azuqueca de Henares TK III Kefren Capital Real Estate

AZQK PORTFOLIO: TK III

on 05/07/2020

Logistics platform with a total built area of 15,458 sqm and located in the Henares Corridor

The asset is located in Azuqueca de Henares, in front of Mercedes spare parts center and with immediate access to the main logistics axis of the Iberian peninsula, the A-2 highway (exit 38)

Kefren Capital Real Estate (KCRE) acquired this warehouse in March 2020, along with TKII, in the context of a logistics portfolio.

The asset comprises 15,458 sqm of Gross Lettable Area (GLA) divided in two independent modules of 10,509 sqm and 4,949 sqm respectively. Concerning technical specifications, the logistics platform has a maximum free height of 14.20 meters, 16 loading docks equipped with shelters and a fire protection system with ESFR sprinklers, fire hoses, etc.

KCRE carried out a complete refurbishment process of the asset leaving it as a Type B warehouse, adapted to Medium Risk and divided in two independent modules. The reform also involved the implementation of LED lighting, rehabilitation works on loading docks, access doors, offices, etc.
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Kefren Capital Real EstateAZQK PORTFOLIO: TK III
Torregalindo offices Kefren Capital Real-Estate

TORREGALINDO

on 01/22/2020

The asset comprises 3,550 square meters above ground spread over three floors and 38 parking spaces included on the ground floor.

It is located in a consolidated office area (next to the headquarters of McCann, NCR, Altadis or Licuas among others) which stands out for its easy access by public and private transport and the proximity to the center of the capital

Torregalindo: Corporate Headquarters Building

Kefren Capital Real Estate (KCRE) acquired this office building in October 2019 in an area undergoing a profound transformation and with one of the greatest potentials of all Madrid business districts.

The asset comprises 3,550 square meters above ground spread over three floors and 38 parking spaces included on the ground floor. It is located in a consolidated office area (next to the headquarters of McCann, NCR, Altadis or Licuas among others) which stands out for its easy access by public and private transport and the proximity to the center of the capital.

Kefren Capital Real Estate (KCRE) acquired the property, carried out a complete refurbishment of the building and repositioned the asset in the market by leasing it to leading digital training company with a solid lease contract.

During the transaction, Kefren Capital was advised by Hogan Lovells. On the other side, the seller was advised by Cushman & Wakefield. This purchase demonstrates the confidence of investors in the Spanish market in the medium and long term, especially in those locations with solid fundamentals that historically have had a strong demand from tenants.

Torregalindo - Kefren Capital Real Estate
Torregalindo - Kefren Capital Real Estate
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Kefren Capital Real EstateTORREGALINDO
KCRE-office

SEGRE 15

on 12/29/2017

KCRE has successfully completed the acquisition and full refurbishment of its new office totaling c.300 sqm

Located in the Madrid neighborhood of El Viso, the property is a 5 minute walk from Paseo de la Castellana and Santiago Bernabéu Stadium

KCRE completed a comprehensive renovation of the building at the end of 2017 and since then it has been the new headquarters of the company. The business space is distributed in 2 floors with fully automated facilities including security, lighting, HVAC, and multimedia systems

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Kefren Capital Real EstateSEGRE 15