Coperfil Real Estate Group - Mixed-Use Sale - Spain, Ciempozuelos, Madrid

Date: 10 Jun 2008

Coperfil will continue to provide full Property Management services for tenants in the buildings now owned by SEB

Coperfil Real Estate Group, specialists in property development and investment in logistics, retail and business parks, has sold 2 logistics buildings in Ciempozuelos, in the province of Madrid, to SEB bank. The assets will make up part of the SEB ImmoPortfolio Target Return Fund, managed by SEB subsidiary company Asset Management (Frankfurt, Germany).

Before closing the deal, SEB Bank seeked advice on legal and fiscal due diligence, from the Spanish Law Firm, Monereo, Meyer, Marinel-lo, Abogados (MMMM), specialising in International Real Estate. Real Estate advice was given by Schmack Group and technical advice was given by CVO.

Coperfil will be responsible for the maintenance of the building, will take care of all functions concerning lessees and will maintain its name Logispark, giving to SEB a better visibility of his assets.

Logispark is the leading Logistics Company in Spain and Portugal, having leased out more than 120,000 m² in the past 12 months. In 2007, Coperfil Group built about 400,000 m² of new logistics buildings.

Coperfil Real Estate lives up to its green policy and uses the parks solar panels to generate electricity via CORE Energy. This way, added value is given to their own assets as well as those of other companies that own Coperfil Real Estate buildings.

Oriol Gual, Director of Property at Coperfil Real Estate Group, assures that "the company strongly supports alternative energy sources so that his retail and logistics parks contribute towards a more sustainable environment. By 2011 we hope to install solar panels in logistic and retail parks totalling an area of 2,000,000 m², allowing us to generate more than 30MV".

In Logispark(r) Ciempozuelos the total area leased to international companies operating in the logistics sector amounts to 80,244 m². The park has been designed and built under the quality and sustainability criteria that all Logispark(r) parks follow.

Due to the high demand for logistics space, Coperfil Real Estate plans to develop more than 100,000 m² of additional buildings at Ciempozuelos.

According to Joan Bertran, Investment Strategy Director at Coperfil Real Estate Group, "this increase in demand is a result of the high quality of our projects and the urban infrastructures developed in Ciempozuelos since 2002. These infrastructures consist of a third lane on the A-4, the R-4, the plan to build the new M-60 motorway and exit, the service road and the bridge that connects the motorway to one of the best logistic park in Madrid, with companies such as Mercadona, that has one of the biggest and most modern warehouses in Europe".

Spain is working on a plan for strategic infrastructure, and is to invest 241,392 million euros by 2020. Real estate investment opportunities will be generated thanks to the 6,000km of new motorways being built. This means that 90% of people will be able to reach the high-speed motorway in less than 30mins and at less than 50km they will be able to get to a high-speed train station.

Coperfil Real Estate Group logistics parks are rated Class-A in the European real estate market. Infrastructures within this category must be very high in quality, comply with the International safety regulations of the National Fire Protection Association (NFPA 2006), as well as fulfil the requirements of the new European technology regulations, energy efficiency and sustainability standards.