Cilsa obtains €20 million loan to finish logistics platform at Port of Barcelona

Cilsa obtains €20 million loan to finish logistics platform at Port of Barcelona
Cilsa obtains €20 million loan to finish logistics platform at Port of Barcelona
June 5, 2020

Cuatrecasas advised Cilsa, a company owned by the Port of Barcelona and Merlin Properties, which operates the logistics zone (“ZAL”) at the Port of Barcelona, on obtaining a €20 million loan from CaixaBank to finish its investment in logistics development at the port.

The project, due to end in 2021, includes 10 logistics warehouses with a gross leasable area of 302,290 m² with tenants such as Decathlon, Lidl-Europa and Damm. The total investment is €167 million between 2016 and 2021. This will lead to a logistics park with a gross leasable area of over 920,000 m2 with state-of-the art logistics infrastructure.

Cuatrecasas advised Cilsa (Zal Port) on financing the transaction, with partner Manuel Follía leading the advisory service together with associate Victor Utges (Banking and Finance).

June 5, 2020