Private investment firm Bain Capital has launched a joint-venture with Spanish real estate investment and development company Conren Tramway to co-invest over €600 million into the acquisition and development of logistics facilities in Spain and Portugal over the next five years.
Private investment firm Bain Capital has launched a joint-venture with Spanish real estate investment and development company Conren Tramway to co-invest over €600 million into the acquisition and development of logistics facilities in Spain and Portugal over the next five years.
In Spain, the JV will target consolidated and growing logistics hubs nationwide including Madrid, Catalonia, Valencia and Southern Spain. In Portugal, the focus will be on the hubs in Lisbon and Porto.
The JV will focus on delivering grade A logistics to suit the whole range of operator demand, including big box, cross-docking, cold storage and last mile. To design and reposition the assets, the JV will apply CT’s Design Principles and benefit from Bain Capital’s global expertise in logistics investment. The CT team has extensive experience working with clients to tailor the design, construction, functionality, and sustainability of assets to their business needs.
Additionally, the partnership is focused on delivering assets that meet the highest ESG standards including, where appropriate, photovoltaic panels, EV chargers, sustainable construction materials and innovative façades, roofing, and pavements.
As the majority shareholder and financial partner, Bain Capital has a long track record of partnering with local investors and managers globally to capitalise on investment opportunities in sectors with strong fundamentals and growth potential.
