CBRE Global Investors disposes of Spanish logistics portfolio to Bankinter
Clients CBRE Group, Inc.
Jones Day advised CBRE Global Investors, on behalf of its value-add fund European Value Partners (EVP 2), and its joint venture partner Valfondo (a developer and manager of Montepino logistics assets in Spain) on the sale to Bankinter of a portfolio of 22 Spanish logistics assets, totaling 865,000 sqm, together with a development pipeline of a further 13 logistics assets. The joint venture between EVP 2 and Valfondo was launched in 2017 with development assets and standing assets totaling 245,000 sqm. Jones Day advised EVP on that joint venture and has since represented the joint venture on multiple acquisitions, disposals, developments etc.