In Alicante, attention centers on large real estate moves, including another notable draft operation. American Basic Asset Management has taken control of a major global real estate investment vehicle. The ship occupying the Blinker site within the Las Atalayas polygon is involved in a mediated deal arranged by Balance Real Estate Investments, an Alicante-based consulting firm. The financial details were not disclosed.
This operation adds to a series of similar transactions in the region over recent years. Investors show sustained interest in the state’s assets, with Blackstone participating in facility acquisitions and Amazon engaging with the Roebuck fund, which subsequently sold to Savills.
The deal holds particular significance because Ana AM is one of the world’s largest specialized real estate funds, boasting a portfolio exceeding one hundred billion dollars. According to Pedro Menarguez, a co-founder of Equilibra, this marks a landmark acquisition in Spain. He notes that the province is enjoying a moment of confidence, attracting institutional investors to this space.
The property involves 12,000 square meters of space leased long term to Blinker, a company that provides materials and services for professional repair, maintenance, and installation on the Las Atalayas industrial estate. The asset previously belonged to a Murcia-based family office and was recommended by the Alicante consulting firm.
Amazon ship changes hands again: Roebuck sells at 17 percent profit
Thanks to the deal, a Civil Real Estate Investment Society, the French counterpart to Spanish socimis, was involved, with Theoreim managing in conjunction with JLL-recommended North American investors.
As Menárguez explains, location has been a critical factor in the sale, with the site just ten minutes from the port and airport and adjacent to a major highway. This makes the area highly sought after for its accessibility. The quality of the facilities and the presence of a reliable tenant contribute to the deal’s profitability.
In this context, Blinker’s CEO, Juan Carlos Valero, assessed the change of ownership. He expressed strong satisfaction with the collaboration and highlighted that the new management helps Blinker focus on expanding its industrial accommodation needs while continuing to grow the business.
Guillaume Masset, a Major Real Estate Transactions Director in Europe, emphasized that the fund’s presence in Spain enables a swift completion of the acquisition. He also noted the firm’s ongoing investments in Italy and the United Kingdom, with a footprint across eight European countries.
Sell and Lease Back
Equilibra’s co-founder and investment director points to a notable rise in sell and lease back operations in the province. More than a dozen such projects are in the portfolio. In these deals, a company sells its facilities to an investor but stays on as a long-term tenant. The arrangement provides capital for expansion or for distributing profits to shareholders. Remaining in the premises helps sustain profitability and maintain asset value.
Major players continue to view this model as an efficient way to align cash flow with growth strategies, especially when a buyer becomes the long-term occupant delivering stability to the asset and predictable income to the investor.
A Blablacar that goes to the shooting range and saves 2,500 euros a year
Investors remain confident in real estate assets as tenants. The arrangement is common in industrial settings but also used by a wide range of tenants, from major banks to large supermarket chains. The long-term lease structure provides predictable costs, while the tenant maintains operations in the same location, ensuring continuity for suppliers and customers alike.