Leopard Capital has successfully exited its co-investment in Project Alhambra, a Grade A last-mile logistics asset located in Escúzar, Granada.
Completed in 2022, the purpose-built facility comprises more than 10,300 sq m of logistics space, together with a 22,904 sq m van yard supporting last-mile operations. The asset is fully let to a leading e-commerce operator on a long-term lease.
Located within the Escúzar Metropolitan Park, one of southern Spain’s key last-mile logistics hubs, the property benefits from strong connectivity to the Mediterranean Corridor and has capacity to process up to 45,000 parcels per day.
The asset also benefits from strong ESG credentials, including BREEAM “Very Good” certification, an EPC A rating, electric vehicle charging infrastructure and an on-site photovoltaic installation.
The property was acquired by Principal Asset Management for the European logistics fund Log In following a competitive sale process led by Knight Frank Spain.
The successful exit reflects continued institutional demand for high-quality logistics assets with strong underlying real estate fundamentals and long-term income.