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News » Spain
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IDI Gazeley sells 2.2m sq ft of logistics assets in Italy and Spain to Blackstone

IDI Gazeley has completed the sale of six logistics assets across Italy and Spain to real estate funds managed by Blackstone. The sale comprises of 1,400,000 sq ft in Italy and 755,000 sq ft in Spain. The transaction value has not been disclosed. The transaction completed on 31st October 2016.The six warehouse units, which have all been developed by IDI Gazeley, are located across five logistics parks in strategic and sustainable micro locations with excellent access to motorways and transport infrastructure anchored around the core logistics hubs of Madrid and Milan.

Pat McGillycuddy CEO Europe & China, IDI Gazeley, commented: “The sale of these assets to Blackstone is a very positive endorsement of the quality of our assets. The war...[…]