Herbert Smith Freehills advises on the purchase of two warehouses by P3 Spain
Herbert Smith Freehills Spain has advised P3 Logistic Parks on the acquisition of two logistic warehouses with a total area of 14,000 m2 in Picassent, owned by Improving Logistics, the largest logistics operator in Valencia, by leased surface area. Thank you P3 Logistic Parks for trusting us with this matter and congratulations to the team involved!
P3 Spain has purchased two warehouses in the municipality of Picassent from its owner and current occupier, Improving Logistics, which is the largest logistics operator in Valencia, by leased surface area. The logistics centre consists of two warehouses of 7,000 m2 and 17,000 m2 and meets the highest standards of quality and operability.
Javier Mérida, Managing Director of P3 Spain, said: “With this partnership with Improving Logistics, one of the leading logistics operators in the region, we strengthen P3’s commitment to the Valencian logistics market. This project contributes to the modernization of the region’s existing park with quality buildings in strategic locations for regional distribution”.
The firms team has been formed by Tomás Díaz Mielenhausen, Alvaro Gross Gasset, Marta Escartin Goizueta and Lucía Taracena Figar.
