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Thursday, March 28, 2024

Pérez-Llorca, A&O advise on Corum´s €22m Logistics RE acquisition from Goodman

The French fund Corum has acquired from Goodman, represented by Allen & Overy, a warehouse leased to Amazon in the Les Puntes industrial complex in Constantí, Tarragona, for €22 million

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The industrial whareouse stands on 32,500 m2 of land and has 11,630 m2 of floor space. The warehouse has 468 spaces for vans for the delivery of Amazon deliveries.

The e-commerce multinational has a contract that expires in 2046, although with an exit window in 2036. With this transaction, Corum increases its portfolio of assets in the Spanish market, where it currently has offices, hotels, retail and other logistics assets.

Its last major operation in the Spanish market dates back to July last year, when it bought the Nodo office building, between Barajas Airport and Ifema, for around €70 million, also with the advice of Pérez-Llorca. The property has a surface area of 29,000 m2.

Corum is a French real estate investment fund that aims to offer investors access to high-quality commercial and residential properties in Europe. The company has experienced rapid growth in recent years thanks to its focus on geographic and asset diversification, as well as its long-term investment strategy. Corum has invested in a wide variety of commercial properties, including offices, retail, hotels and shopping centres, in different European countries such as France, Germany, Spain, Italy and Portugal.

In addition, Corum focuses on acquiring high quality properties in strategic locations, which has enabled it to generate stable and consistent income for its investors. The fund offers a wide range of investment options, from products with stable returns to those with greater exposure to the risks and rewards of real estate investment.

Pérez-Llorca advised Corum with a Barcelona office team made up of office managing partner Gerard Serra and partner Florence Legeay.

Santiago de Vicente (left), Marta Orce Casado (top right) and Javier González Pardo.

Allen & Overy Spain advised Goodman with a real Estate team made up of partner Santiago de Vicente, and senior associates Marta Orce Casado and Javier González Pardo.

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