This big bottoms they put focus on Alicante, with another draft operation. American Basic Asset ManagementIt took over ownership of one of the world’s largest real estate investment vehicles. The ship occupying the Blinker in the polygon of Las AtalayasIn an operation mediated by the Alicante consulting firm Balance Real Estate InvestmentsThe amount was not disclosed.
This adds to other similar operations carried out in the region in recent years. Of course Blackstone or the purchase of the facilities it occupies. Amazon to the Roebuck fund, which later sold them to Savills, reflecting investor interest in the state’s assets.
In this case, the process is especially important because Ana AM one of the largest specialized funds in the world-wide real estate field with its portfolio more than $100,000 million, According to the co-founder of Equilibra, this represents his first major acquisition in Spain. Pedro Menarguez. “The province is having a great moment and therefore institutional investors are betting on this space‘ says the expert.
The ship in question 12,000 square meters It is leased on a long-term contract to Blinker, which specializes in materials and services for professional repair, maintenance and installation on the industrial estate of Las Atalayas. The property was: belonging to a family office Murcia, recommended by the Alicante consulting firm.
Thanks to the operation log in, A Civil Real Estate Investment Society, the French equivalent of Spanish socimis, managed by Theoreim in conjunction with the JLL-recommended North American fund.
As Menárguez points out, one of the keys to selling has been location, 10 minutes to the port and airport and next to the highway, which makes this area one of the most coveted areas in the state. But also the quality of the facilities, automatic warehouseAdd to this the following fact: in profitability and with a solvent tenant.
In this sense, Blinker CEO, Juan Carlos Valeroevaluated the host change. “We are very pleased to work with the Manager. They help us focus on growing our business by meeting our industrial accommodation needs,” said the manager.
Major Real Estate Transactions Director in Europe, Guillaume Massetstressed that the fund’s presence in Spain “makes it possible to complete this acquisition in a short time”. He also stated that the firm already has other ongoing investments in Italy or the United Kingdom and is present in a total of eight European countries.
‘Sell and Lease Back’
Equilibra’s co-founder and investment director underlines the significant increase in ‘sell and lease back’ operations registered in the province, more than a dozen in portfolio from these projects These are the operations that a company decides on. sell their facilities to the investor stays as a tenant same as a lease long-term. a process that provides inherit and obtain resources to allocate them to expansion plans or simply to pay shareholders. Staying in place of the seller contributes to the increase in its price, as it is a guarantee of profitability.
“Our investors are very comfortable investing in real estate assets. The tenant is the same company that has been operating there for years.While it’s often associated with industrial facilities, the reality is that it’s a formula used by all kinds of companies, from major banks to some of the largest supermarket chains in the country.