Crossbay has sold a last-mile logistics asset in Barcelona to Stockholm-listed commercial real estate investor AB Sagax.
The asset, which was sold for an undisclosed sum, sits within Poligono Industrial Carretera del Mig in l’Hospitalet de Llobregat, which is 10 minutes by car from the centre of Barcelona and eight kilometres from the city’s port.
The development has been designed to include a clear ceiling height of 11 meters, equipped offices, a fire protection system, and 70 underground parking spaces.
The property is divided into three modules, one of which is leased to Spanish shipment and logistics firm Nacex. Â
A new-build development, the warehouse is rated BREEAM ‘Excellent’. In Spain, Crossbay has developed over 83,500m² of BREEAM ‘Very Good’ or higher rated space across seven assets.Â
CEO, Crossbay, Marco Riva, said: “This transaction is an excellent demonstration of our development capabilities and ability to create value for our investors by developing Grade A assets with best-in-class sustainability credentials in the most supply-constrained markets, alongside aggregating and modernising existing assets in gateway cities.”
