Meridia IV Advances Its Logistics Divestment Strategy with Two Transactions in Barcelona

Meridia is pleased to announce the sale of Project Jupiter, a c.30,000 sqm logistics portfolio, including one asset located in Granollers and a second in Barberà del Vallès, both within Barcelona’s first logistics ring for a total consideration of c.€50 million. The transaction represents a milestone in the Catalan logistics market, reflecting continued institutional appetite for scaled, high-quality logistics platforms in core, supply constrained locations.

The Granollers asset comprises a state-of-the-art warehouse of approximately 11,300 sqm. Originally acquired in 2023 as a forward purchase, the asset was subsequently leased to a single tenant under a long-term agreement, following targeted asset management initiatives and selective capex to enhance its operational and ESG standards. As a result, the property has reached full stabilisation, benefiting from strong occupier demand for prime logistics assets in core locations.

In parallel, the transaction includes second logistics asset located in Barberà del Vallès, comprising a c.17,600 sqm logistics platform that has undergone a comprehensive
refurbishment and extension programme and is fully let under a long-term lease. The business plan has been successfully executed, with the asset reaching stabilisation supported by strong leasing fundamentals in the Barcelona logistics market.

These transactions are part of a joint divestment strategy designed to create a scaled logistics investment opportunity attractive to institutional capital. The sale of Project Jupiter highlights Meridia’s ability to add value across different asset scenarios, successfully executing a range of value-add strategies, while consistently enhancing asset quality and risk profile.

They also reflect Meridia’s ability to execute value-add strategies, enhance asset quality and deliver successful exits in a supply-constrained market with strong occupational demand. This transaction is part of Meridia’s broader divestment strategy, with Meridia III now almost fully divested. In parallel, Meridia IV continues to progress through its own disposal phase; the sale of Project Jupiter follows the recent disposal of one office building in Madrid and two office buildings in Barcelona.

Meanwhile, the firm remains active on the investment front through Meridia V, its current real estate value-add vehicle, while preparing the launch of its next vehicle, Meridia VI, which will represent a direct continuation of its current investment strategy.