AXA Real Estate Acquires Logistics Development in Madrid

MADRID, SPAIN-AXA Real Estate Investment Managers has acquired a logistic warehouse development in the Madrid southern area of Getafe in Spain for one of its clients.

By GlobeSt News Hub | October 26, 2011 at 01:01 AM

MADRID, SPAIN-AXA Real Estate Investment Managers has acquired a logistic warehouse development in the Madrid southern area of Getafe in Spain for one of its clients. The firm has purchased the property 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 has been pre-leased to Decathlon, a sport goods manufacturer and retailer. Obras Caminos y Asfaltos, S.A. is handling the development. For the full story, go to Europe Real Estate .

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