Realterm closed on the acquisition of a highly functional and well located 6,249 sqm High Flow-Through Facility (HFT) in the intersection of A2 and B20 highways in the first ring of Barcelona. The property's strategic location among major transportation nodes including Barcelona-El Prat Airport (BCN) and the Port of Barcelona make it ideal for final mile users servicing the dense population of downtown Barcelona, less than 10 minutes away.
"The High Flow-Through (HFT) characteristics of the building, the exceptional location and the underground employee parking in an extremely tight Barcelona market make this a valuable addition to Realterm Europe Logistics Fund's portfolio," said Balazs Lados, Managing Director.
Highlights of the property include:
- Area: 6,249 sqm Gross Lettable Floor Area on 6,373 sqm site area
- Loading positions: 10 dock-high and 2 oversized drive-in doors
- Clear height: 8m
- Access: Port of Barcelona – 9 km, El Prat Airport – 7 km, Downtown Barcelona – 6 km
BNP Paribas Real Estate represented the seller. The facility is fully leased.