Neinver Logistics sells Valencia logistics asset for €65m

Teckel Gestora, holding company of the Neinver Group’s logistics division has secured the sale of a logistics platform to IBI Lion Socimi, a unit of the Israeli IBI investment house, for €65 mln.

The property, strategically located in Spain in the Valencian town of Llíria and just 47 km from the Port of Valencia, features one single warehouse with a gross lettable area of 60,000 m2.
Neinver Logistics developed every aspect of this turnkey project in 2019 for Conforama, a company dedicated to the sale of household furniture and which currently occupies the entire platform.
Daniel Losantos, Neinver CEO commented, ‘We are delighted to have successfully closed this deal with IBI Lion Socimi. This sale underlines our ability to partner with major players at a time when market conditions are just right for capital rotation and diversification, and is also fully aligned with the Group's asset rotation strategy.’
Rafael Goldfeld, IBI Lion Socimi’s co-CEO said, ‘The fruitful completion of this deal with NEINVER Logistics and our financing partner ING, marks an additional step in our expanding investment portfolio in the Spanish market. This transaction is a prime example of our investment strategy – investing in strategically located assets in main centers of commercial and logistic activity.’


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