(Boursier.com) — Supermarkets, offices leased to the State and now warehouses, Iroko ZEN is becoming more and more active on the real estate investment market in Spain with two new acquisitions as part of “sale and lease back” with a firm commitment period of 10 years.
The first asset is located in Azuqueca de Henares, 45 km east of Madrid in the booming industrial area of Miralcampo where companies such as Prologis, Mercedes-Benz, MRW and even Carrefour are located. The asset benefits from good motorway service with excellent visibility from the A2 motorway and access by train with Azuqueca station approximately 1 km away.
The second asset is located north of Bilbao, in the heart of the Basque country, in the El Abra industrial park. Bilbao is one of Spain’s most important cities for industrial activity, facilitated by access to the A1 motorway, a key transport link between the Iberian Peninsula and the rest of Europe. The area hosts companies like Caterpillar or MAN Trucks. Gallarta train station is 200 meters away.
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