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).