Coperfil Real Estate sells two logistics properties in Madrid, Spain, to Swedish bank SEB

Coperfil will continue to provide full Property Management services for tenants in the buildings now owned by SEB

Coperfil Real Estate Group, specialists in property development and investment in logistics, retail and business parks, has sold 2 logistics buildings in Ciempozuelos, in the province of Madrid, to SEB bank. The assets will make up part of the SEB ImmoPortfolio Target Return Fund, managed by SEB subsidiary company Asset Management (Frankfurt, Germany).



Before closing the deal, SEB Bank seeked advice on legal and fiscal due diligence, from the Spanish Law Firm, Monereo, Meyer, Marinel-lo, Abogados (MMMM), specialising in International Real Estate. Real Estate advice was given by Schmack Group and technical advice was given by CVO.



Coperfil will be responsible for the maintenance of the building, will take care of all functions concerning lessees and will maintain its name Logispark, giving to SEB a better visibility of his assets.



Logispark is the leading Logistics Company in Spain and Portugal, having leased out more than 120,000 m² in the past 12 months. In 2007, Coperfil Group built about 400,000 m² of new logistics buildings.



Coperfil Real Estate lives up to its green policy and uses the parks solar panels to generate electricity via CORE Energy. This way, added value is given to their own assets as well as those of other companies that own Coperfil Real Estate buildings.



Oriol Gual, Director of Property at Coperfil Real Estate Group, assures that “the company strongly supports alternative energy sources so that his retail and logistics parks contribute towards a more sustainable environment. By 2011 we hope to install solar panels in logistic and retail parks totalling an area of 2,000,000 m², allowing us to generate more than 30MV”.



In Logispark® Ciempozuelos the total area leased to international companies operating in the logistics sector amounts to 80,244 m². The park has been designed and built under the quality and sustainability criteria that all Logispark® parks follow.



Due to the high demand for logistics space, Coperfil Real Estate plans to develop more than 100,000 m² of additional buildings at Ciempozuelos.



According to Joan Bertran, Investment Strategy Director at Coperfil Real Estate Group, “this increase in demand is a result of the high quality of our projects and the urban infrastructures developed in Ciempozuelos since 2002. These infrastructures consist of a third lane on the A-4, the R-4, the plan to build the new M-60 motorway and exit, the service road and the bridge that connects the motorway to one of the best logistic park in Madrid, with companies such as Mercadona, that has one of the biggest and most modern warehouses in Europe“.



Spain is working on a plan for strategic infrastructure, and is to invest 241,392 million euros by 2020. Real estate investment opportunities will be generated thanks to the 6,000km of new motorways being built. This means that 90% of people will be able to reach the high-speed motorway in less than 30mins and at less than 50km they will be able to get to a high-speed train station.



Coperfil Real Estate Group logistics parks are rated Class-A in the European real estate market. Infrastructures within this category must be very high in quality, comply with the International safety regulations of the National Fire Protection Association (NFPA 2006), as well as fulfil the requirements of the new European technology regulations, energy efficiency and sustainability standards.



SEB GROUP



SEB Group is a Swedish bank that at present offers its services to its 400,000 corporate and institutional clients, and 5 million private clients.



SEB was founded in 1972 via the merging of Stockholms Enskilda Bank (founded in 1856) and Skandinaviska Enskilda Banken (founded in 1864).



The companies decided to merge in order to strengthen their positioning as a corporate bank, improving services for business clients, and also to compete with other banks on an international level.



Over the years, SEB has managed to make itself known as a Northern European Finance Bank and in 2006 celebrated its 150th anniversary.



The Ciempozuelos logistics park will be added to the SEB ImmoPorfolio Target Return Fund asset portfolio, managed by the SEB Asset Management department. This department offers new and innovative products whilst searching for business excellence via comprehensive information, additional Internet services and constant customer orientation.



The SEB ImmoPorfolio Target Return Fund, founded in October 2001, now manages 540 million euros.



Coperfil Real Estate Projects



Coperfil Real Estate Group is developing other logistics parks in the Region of Madrid. One of which is Meco, planning to cover 100,000 m² divided into two phases in 2008 and 2009, and another is Carpetania, also occupying 100.000 m² set to be built at the end of 2010.



Madrid is the most important city of a very large region, covering an area of 500km and with a population of nearly 60 million people. The 3 most important points of the region are Barcelona, Madrid and Lisbon. By 2012, Spain and Portugal’s main urban regions will be connected to Madrid by the high-speed AVE train.



At present, Coperfil Real Estate is developing 13 logistics projects in Madrid and 21 in Spain and Portugal’s main urban regions (9 in Barcelona, 6 in Valencia, 5 in Andalusia and 1 in Lisbon) of which 100,000 m² has been put on the mark in the last 12 months. As for retail parks, 9 projects are currently in the process of being developed (5 in Madrid, 1 in Barcelona, 2 in Andalusia and 1 in Murcia). The company is also developing Business Park projects in Barcelona (2) and in Valencia (2).



Coperfil Real Estate Group is a model investor and lawyer in the logistics, commercial and business sector thanks to the quality of its projects, exclusive real estate concepts and know-how acquired. With offices in all main cities of the Iberian Peninsula, Coperfil Real Estate Group has been recognised by the market as the leading logistics promoter in Spain, as well as one of the most active players in the emerging market of retail parks.

source : Coperfil Real Estate Group