MADRID, SPAIN-AXA Real Estate Investment Managers has acquired alogistic warehouse development in the Madrid southern area ofGetafe in Spain for one of its clients. The firm has purchased theproperty from UTE Posmocan Los Gavilanes.

The development, which comprises 461,341 square feet of space,is scheduled to be completed in summer 2012. The entire space hasbeen pre-leased to Decathlon, a sport goods manufacturer andretailer. Obras Caminos y Asfaltos, S.A. is handling thedevelopment. For the full story, go to Europe Real Estate .


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