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Azora and PGIM Real Estate Launch €150 Million Last-Mile Logistics Platform in Spain

Joint Venture Has €75 Million of Initial Commitments
Spain is one of the largest and most attractive European markets for last-mile logistics. (Source: Getty Images)
Spain is one of the largest and most attractive European markets for last-mile logistics. (Source: Getty Images)

Azora, the Madrid-based European private equity real estate manager and one of Spain’s leading real estate investors, together with PGIM Real Estate, the real estate investment business of PGIM, the US$1.5 trillion global investment management businesses of Prudential Financial, Inc, have launched PGIM Real Estate Última Milla, a new Spanish-focused last-mile logistics joint venture.

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News | Azora and PGIM Real Estate Launch €150 Million Last-Mile Logistics Platform in Spain