The real estate consulting firm Estrada & Partners has advised Axiare in the leasing transaction of a logistics platform of 26,182 sq m to Kellogg, dedicated on producing and commercializing agro-food products.
It is a logistics warehouse with excellent corporate image and is fully equipped, with fire protection system –including Sprinklers and hydrants-, 36 loading and unloading docks, and 10 m. of clear height, parking and fully prepared offices, among other features.
It is located in the municipality of Valls, in Tarragona, 95 km at the South of Barcelona, in a landmark industrial estate, where important companies are established such as IKEA or Lear Automotive. In addition, it has excellent connections both by road (AP-2, AP-7, N-240) and by public transportation.
In the transaction also took part Cushman & Wakefield representing Kellogg.
KELLOGG is a multinational agro-food first line company dedicated to produce goods for breakfast, mainly cereals and biscuits. It is one of the leader companies worldwide in cereal for breakfast market. With its presence around the world, it operates in Spain since more than 35 years having its headquarters in Alcobendas (Madrid) and its factory in Valls (Tarragona), manufacturing its products in Spain since 1980. From then, it has been following with its expansionist and quality policy, committing corporate social responsibility actions like “Breakfasts for Better Days”, which its main purpose is giving 1,000 million snacks and cereal portions to children and families under poverty worldwide before 2017.
AXIARE is a Spanish company which invests in property assets in long term listing its shares in Madrid’s Stock Exchange operating under the condition of a Real Estate Investment Trust since July 9th 2014 (MC: Axia). Focus its activity in detecting opportunities into the Spanish real estate market and in establishing a high value asset portfolio for their shareholders. Company’s value building strategy is based in the active management of its portfolio carried out by a full-time staff of experts, having as a main mission its reposition. Axiare’s investment activity is aimed at acquiring type A offices in the most demanded areas of the main economic districts in Madrid and Barcelona, logistics assets in the leading logistics distribution corridors and commercial surfaces in established areas of Spain.
Closed last fiscal year with 8 transactions estimated at 424 million euros, counting with an asset portfolio of 17 properties of about 388,000 sq m leasing total surface. Its asset portfolio is composed by a 68% of type A offices, a 22% of logistics platforms and a 10% of commercial assets. Axiare is an active member of EPRA (European Public Real Estate Association).
ESTRADA & PARTNERS is a real estate consulting firm specialized and leader in logistics and industrial sectors, as well as in investment, providing services of Brokerage, Asset Management, Asset Valuation, Consultancy and Land. During 2012, 2013 and 2014, Estrada & Partners has advised transactions comprising over 300,000 sq m of contracted logistics warehouses. These include the leasing of a 32,000 sq m logistics warehouse to Alindocks, 32,000 sq m leased to Sitasa, 25,000 sq m leased to Michelin, 15,600 sq m to Transportes Azkar, 15,000 sq m leased to Idiada and 10,000 sq m leased to DHL. At the moment, Estrada & Partners is commercializing in exclusivity or co-exclusivity the logistics parks –comprising over 200,000 sq m- located in El Prat de Llobregat, Sant Esteve Sesrovires, Sant Fruitós de Bages, Bràfim Alió, Valls, Fogars de la Selva and El Plà de Santa Maria; owned by Goodman, Invesco, Inbisa, AXIARE, CBRE Global Investors, Blackstone and Emesa.