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Barings acquires Spanish unit from Deka

Barings Real Estate Advisers has acquired a 29,000 sq m logistics unit in Spain from Deka Immobilien GmbH for €17.6m.
By James Buckley
November 17, 2017 | 3:45 P.M.

The 29,000 sq m class A warehouse, which is in a prime location in Zaragoza, Spain’s third largest logistics market, is fully let to Eroski, a national supermarket chain, until 2021. The asset is located in Plaza which is the biggest intermodal logistics park in Europe and on the European Rail Freight Corridor 6 which runs across Europe’s Northeast-Southwest axis.

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News | Barings acquires Spanish unit from Deka