M7 Real Estate announces in partnership with Oxford Properties Group that it has let c. 3,100 sqm of newly refurbished urban logistics space in Santa Perpetua, Barcelona, to Sostmeier.
Sostmeier, a well-established pan-European logistics operator, has agreed to a five-year lease on the property meaning M7 has achieved 100% occupancy at the previously vacant asset, only two months after its acquisition.
Since acquiring the asset from a private investor in August, M7 has undertaken a comprehensive asset management programme to renovate the building and improve its environmental credentials by repairing decks and ceilings as well as improving the insulation around the windows and installing LED lighting.
Situated in a key distribution location only 16 km from Barcelona city centre, the property benefits from excellent connectivity to major transport links and constrained supply.
In October this year, Oxford announced its first investments in Spain which were sourced and secured through M7. Oxford has invested over € 1.8 billion in total through M7 since acquiring the platform in September 2021, helping to accelerate its ambitions to build a European logistics portfolio of scale.
Source: https://www.property-magazine.eu/m7-let-3-100-sq-m-in-in-santa-perpetua-to-sostmeier-63174.html, on 8 November 2022