Azora, a Madrid-based private equity real estate manager, has bolstered its United States presence with the acquisition of a logistics facility and adjacent land plot in Miami, Florida, for $12.8 million. This investment marks the company’s first transaction of the year in the US and adds to its noteworthy logistics portfolio currently valued at $550 million. The facility, which spans 1,913 sqm, functions as a parking and repair center for intercity bus operator Greyhound Lines, Inc., with whom a five-year lease is in place. The strategic location of the facility near transportation hubs and the Miami International Airport, coupled with the additional 10,602 sqm of adjoining land poised for future development, underpins Azora’s expansion strategy in key US markets. With over $1.4 billion in assets under management, Azora’s American focus includes residential, office, industrial, and retail sectors, leveraging its expertise through its subsidiary, Azora Exan.
“Real Estate and Construction”, “Transport and Logistics”,”United States”, “Spain”
https://www.azora.com/en/blog/azora-strengthens-position-in-the-u.s-with-$12.8m-acquisition-of-a-logistics-facility-in-miami-florida/