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GreenOak Announces Development of a Spanish Logistics Platform

June 24, 2015

Over the last few months, GreenOak has achieved the following:

  • Acquired five logistics assets in Greater Madrid totaling over 100,000 sm
  • Secured exclusivity on a further 3 assets comprising an additional 100,000 sm in Greater Madrid that GreenOak expects to acquire in the near term
  • Established a dedicated team to focus on logistics in Spain which has been in place for several months
  • Developed a deep and active pipeline of new investments in the sector in Barcelona, Zaragoza and Valencia in addition to Greater Madrid

GreenOak intends to grow its platform to include up to 500,000 square meters over the next 12 months.

Background on GreenOak’s Approach to Logistics in Spain

In the logistics sector, GreenOak has the capital resources to acquire assets representing the full spectrum of asset types and leases, including:

  • Sale & Leaseback from Owner/Operators
  • Fully leased buildings; buildings with vacancy
  • Loans backed by logistics assets
  • Land for build-to-suits for logistics tenants
  • Mixed portfolios of different types of commercial leased assets

Where appropriate, GreenOak may seek to form joint ventures to invest alongside existing owners. It may also acquire portfolios in the logistic sector, as a key focus for the firm is to deploy capital to acquire logistics assets in Spain.

GreenOak has assembled a dedicated team of advisors who have already begun to work together to acquire and manage the initial platform of five assets.

During their careers, the leadership of GreenOak have acquired, developed and managed several million square meters of logistics and high-grade warehouse assets in Europe and the US.

John Carrafiell, a Founding Partner of GreenOak commented:

“Logistics is an asset class where scale and expertise makes a difference. We are focused on Spain – it’s where we have our strongest conviction. Because of our dedicated resources for investments in the sector, our team on the ground and our proprietary approach to completing due diligence, GreenOak can close individual asset transactions quickly, as only a sector specialist can – whether the investment is €5 million or €100 million.”