The performance of investments made by CORUM is not a reliable indicator of future results.

Property Portfolio

Industrial

Riudellots - Spain

The property is situated in Riudellots, in front of the Girona/Costa Brava airport, 90 km from Barcelona and 2 km from the AP7 motorway linking Barcelona to Perpignan (France). It is located in an industrial park where companies such as AD Part SL (automotive distribution), Concentrol (chemical industry) and Friselva (meat) are also present. This 12,696-sq.m logistics property was acquired through a sale and leaseback transaction for €4.8m and shows a 7.76% net initial yield. It is subject to a 10-year lease with no break option.

This investment generates a net initial yield* of 7.76% (incl. transfer tax and brokerage fees). 

Tenants Logifashion

Logisfashion is the largest logistics operator of the fashion and textile industry. It was founded in Spain in 1996. It manages logistics and supply chain operations for large fashion and textile companies (Pepe Jeans, Levi’s, Adolfo Dominguez, Tommy Hilfiger…), not only in Spain but also in Chile, Mexico, Panama, USA and China. Logisfashion has more than 500 employees worldwide and its logistics centres have a total area of more than 150,000 sq.m. In 2015, it generated €14.6m in revenues. 

Type

Industrial

Acquisition price (incl. transfer tax and brokerage fees)

4,80m

Net initial yield*

7,76% (incl. transfer tax and brokerage fees)


Characteristics