Crossbay has sold a newly built urban logistics facility in Barcelona to AB Sagax, highlighting strategic investment opportunities in the competitive logistics market.

Target Information

Crossbay has successfully sold a newly constructed urban logistics facility located in Barcelona. The warehouse spans 8,950 square meters and has achieved a BREEAM rating of 'Excellent,' indicating a commitment to sustainability and high-quality design. This asset, which was included in the Crossbay I portfolio, has been acquired by AB Sagax, a commercial real estate investor listed in Stockholm.

The facility is strategically positioned within the Poligono Industrial Carretera del Mig in l'Hospitalet de Llobregat, just a 10-minute drive from central Barcelona and eight kilometers from the city's port. This prime location in the first logistics ring of Barcelona places the warehouse in a high-demand area, essential for efficient last-mile logistics operations.

Industry Overview in Spain

Barcelona's logistics sector has seen significant growth due to its strategic geographical position and the increasing demand for urban logistics solutions. The city has become a central hub for logistics operators, with vacancy rates