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Baraka Invests €40M in Another Logistics Asset

Posted by: In: Real Estate 13 Mar 2018 Comments: 0 Tags: , , , , , , , , , , ,
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13 March 2018 – Expansión

Grupo Baraka, the corporate holding company chaired by the Murcian businessman Trinitario Casanova, is maintaining its commitment to the logistics sector. After purchasing a plot spanning more than 30,000 m2 in Barcelona from Consum in February for the construction of a logistics warehouse, the company has now acquired 95,600 m2 of industrial land in Alcalá de Henares (Madrid) on which it is going to construct a logistics platform.

Grupo Baraka plans to invest around €40 million in the project, including the acquisition of the plot and the commissioning of the logistics platform, which is expected to be ready within eight months and which will occupy a surface area of 45,000 m2, according to explanations provided by the company yesterday.

Specifically, the land acquired by the real estate group is located on the El Encín industrial estate, where the US multinational Owens Corning used to operate a factory, until two years ago.

Original story: Expansión (by R. Arroyo)

Translation: Carmel Drake

The post Baraka Invests €40M in Another Logistics Asset appeared first on Aura Real Estate Experts.

Source:: AURA Real Estate Experts

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