The performance of investments made by CORUM is not a reliable indicator of future results.
Cabanillas del Campo - Spain
The property is located in Cabanillas del Campo, in the province of Guadalajara, 50 km from the Madrid–Barajas international airport. It is situated in an industrial and logistics park, la Quinta, where companies such as BMW, BASF and UTI Worldwide also have offices.
The 22,973-sq.m logistics property was acquired through a sale and leaseback transaction for €11.7m and shows a 7.51% net initial yield. It is subject to a 10-year lease with no break option.
This investment generates a net initial yield* of 7.51% (incl. transfer tax and brokerage fees).
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.
Acquisition price (incl. transfer tax and brokerage fees)
Net initial yield*
7,51% (incl. transfer tax and brokerage fees)
* Net initial yield: Annual rent divided by acquisition price including transfer tax and brokerage fees.