Nota de prensa
ALANTRA CLOSES A GREEN LOAN FOR THE DEVELOPMENT OF A LOGISTIC ASSET IN SPAIN THROUGH ITS REAL ESTATE DEBT FUND
Alantra , a global alternative asset management and investment banking firm, is pleased to announce the closing of a Green Loan for the development of a logistic warehouse in Vitoria, Spain, which is part of Accolade investment group’s portfolio. The asset aims to obtain one of the highest BREEAM sustainability certifications, demonstrating the project’s sustainability, energy efficiency, and environmental protection.
The logistic asset will have a total gross leasable area of 35,000 sqm. Construction works began in February 2022, and the first phase is expected to be finalized by the end of this year.
The building is located in Jundiz, one of the most relevant manufacturing and logistic hubs in the North of Spain. The location offers great access to A-1 motorway, which is part of the so-called Atlantic Corridor, and has become a key transportation channel from the Iberian Peninsula to the rest of Europe and vice versa.
This development follows Accolade’s strategy to expand its presence across Europe through the development of a portfolio of logistics warehouses in Spain over the coming years, where it is already developing six logistic projects.
Tomáš Procházka, Chief Financial Officer of Accolade Group, said: “We are delighted to be working with a renowned company such as Alantra on the financing of a leading project in the heart of modern logistics and industry, Vitoria. Thanks to our long-term focus on supplying truly environmentally friendly and technologically advanced infrastructure across Europe, we have been able to strengthen our presence in Spain, somewhere we consider to be a significant market with a ready-made workforce, limited regional competition, and a low vacancy rate in industrial parks.”
Financing for this development has been provided by Alantra’s Real Estate Debt fund, which has already closed transactions in Spain, France, and Portugal.
Jaime Cano, Partner at Alantra Private Debt, said: “We are very pleased to support Accolade in this sustainable financing in the logistic sector in Spain. This transaction is the seventh investment of our Real Estate Debt fund which has significantly accelerated its investment pace in Europe during this year. We are expecting to close another three or four transactions before the end of 2022.”
Pérez Llorca and Baker & McKenzie acted as legal advisors in the transaction.
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