Milepro sells two logistics assets in Madrid and Barcelona

Milepro, a logistics company managed by Azora, has sold two of its warehouse properties in Madrid and Barcelona for €42.7 mln.

Gelido, Barcelona

This sale aligns with Milepro's business strategy, demonstrating the value and ease of selling assets from their portfolio. Despite a challenging market, the deal highlights the quality of Milepro's properties, which are well-located and leased to major logistics companies.

This divestment is part of Milepro's plan to strategically rotate its assets and maximise shareholder value. The sale process, managed by Savills, attracted strong interest from investors, confirming the demand for high-quality logistics properties.

Milepro, founded in 2021 by Azora and Indosuez Wealth Management and listed on BME Growth since 2023, has completed its initial investment phase and is now focused on managing its portfolio to create value for shareholders.

Meanwhile, Azora continues to actively seek new investment opportunities in the logistics sector, particularly in Southern Europe, with nearly €800 mln in logistics assets under management across Spain and the United States.

Javier Picón, senior partner at Azora, noted: “This transaction represents a significant milestone in the execution of Milepro’s business plan. The sale of Gélida and Villaverde allows part of the value created since the vehicle’s inception to be realised, in line with the planned strategy, and confirms the quality of a portfolio built on assets with strong fundamentals.”