Aberdeen Standard European Logistics Income Trust, a UK listed investment firm, has acquired Davidson Kempner and Palm Capital a Portfolio of last mile logistics warehouse located in Madrid for 227 million euros.
The portfolio, with a total area of 122,000 square meters, consists of four phases: the first three phases include Seven newly built logistics warehouses The fourth is a logistics warehouse under development with parking for delivery vans at different heights. The final phase is expected to be completed in the second quarter of 2022.
Specifically, the wallet is leased by five tenants, of whom Amazon Europe accounts for 43% of revenue Annual total for the same. Global retail chain Carrefour, the British maker of electric delivery vehicles, Access, and Spanish companies Talentum and MCR make up the rest of the tenants in the portfolio, with an empty unit the company receiving a rental guarantee.
According to Aberdeen, “Everything Lease contracts It is exclusively indexed upwards with annual inflation, and has a strong potential for income growth and a The long-term, with 14.8 years until contracts expire and 8.7 years until first option tenants exit.
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“This is a unique opportunity to acquire a portfolio of last-mile warehouses, leased to investment grade companies, in one of the world’s fastest growing and emerging e-commerce markets in Europe,” says Everett Castelen, Aberdeen’s Chief Investment Officer.
This acquisition increases the weight of the company’s assets in the logistics sector for the last mile, where strong growth in rental income is expected going forward. Despite the recent increase, Europe still lags far behind the UK in terms of e-commerce sales penetration, and we believe this provides a compelling context for higher performance.
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