New Launch - India Real Estate Report 2026.
Redevco, one of Europe's largest privately owned real estate managers with approximately €10.5bn in assets under management, has acquired two Industrial Outdoor Storage (IOS) assets in Spain: a vehicle rental depot in Getafe, Madrid and an electric bus terminal in Sant Boi, Barcelona.
Both assets are fully let and located in transport-advantaged urban submarkets. The acquisitions mark the second tranche of investment from Redevco's logistics platform, pushing its European IOS footprint to approximately 511,000 m² and €175m in assets under management across 13 assets.
Inside the Getafe and Sant Boi properties
The Getafe asset totals approximately 14,242 m² across a 1.86-hectare site within a core logistics hub in Madrid's first ring.
Completed in 2020, the property is fully let to Northgate, the vehicle hire division of FTSE 250-listed Zigup PLC and has been operational under that tenancy since 2008, with direct access to the A2, A50 and N2 ring roads.
In Barcelona, the Sant Boi asset totals approximately 11,416 m² across a 1.21-hectare site.
Newly redeveloped as an electric vehicle bus depot, it is fully let to Monbus, a long-established operator of regional and airport transport services and sits close to Barcelona El Prat Airport with direct access to key transport routes.
Its redevelopment includes high-capacity EV charging infrastructure, an investment made by the tenant.
Part of a growing European IOS platform
The two acquisitions add to a platform that already spans multiple European markets:
- Approximately 511,000 m² in total footprint
- €175m in assets under management
- 13 assets across the platform
Redevco operates specialist investment strategies focused on retail parks, logistics, high street retail repurposing, and living and leisure, with a growing presence across seven European locations.
Its debt arm provides transitional lending solutions, and Redevco Capital Partners focuses on special situations opportunities.
For both acquisitions, Leander Property advised on real estate, Garrigues provided legal counsel and Hollis delivered technical due diligence.
Also Read: Panattoni Signs 50,000 sqm Warsaw Deal With LOGISTEED
What Redevco says about the Spanish logistics market
Hugh Macdonald-Brown, Head of Logistics at Redevco, said Spain continues to demonstrate strong fundamentals for logistics, supported by high occupier demand, limited availability of well-located land and the role of transport-oriented assets in urban supply chains.
He said the transactions reflect the strength of Redevco's deal sourcing and execution in Iberia, where the company is building a high-quality portfolio in core locations, adding that the quality of the tenants, the strategic positioning of the assets and their growth potential reinforce Redevco's conviction in logistics as an attractive investment theme.
Enjoyed this update? Visit PropTech Pulse for more real estate news, investment insights and property market trends.
