The boom in e-commerce and the relocation of supply chains have given vital importance to the industrial and logistics sector. The need for storage and distribution spaces is driving the renovation of numerous peripheral areas in cities. Azora's vision is based on a strong commitment to high-quality spaces that meet the latest sustainability standards and foster technological development in the industry.
Our strategy encompasses established quality assets and emerging developments, ensuring robust responses to the challenges presented.
Our commitment to developing quality assets goes in hand with our determination to drive employee well-being and sustainability.
Megatrends driving our investments
Investment Strategies
Core – Core Plus
Core investments prioritize stable, income-generating, and low-risk logistic assets, while core-plus investments aim for higher returns by actively enhancing asset value through strategic improvements like renovations, lease optimization, and operational improvements.
Value-Add - Development
Focused on acquiring properties with untapped potential or that present development opportunities. The strategy aims to increase each asset's value and generate attractive returns through active management and optimization.
Investment Portfolios
Azora Spain Logistics Portfolio
Azora manages 2 investment vehicles focused on the last mile logistics sector with a combined investment capacity of c. 300M€.
Both vehicles are aimed at acquiring assets in prime locations close to main Spanish cities, with the highest quality and sustainability standards.
Froiz
Spain
Cross-docking warehouse with 4,200 sqm GLA (including a c. 1,000 sqm refrigerated unit), 100% occupied since 2021 by Distribuciones Froiz, national supermarket chain. This warehouse is located in Getafe, one of the main 1st ring logistics hubs in the south of Madrid with fast connections to the city center through A-4 highway and to the whole metropolitan area of Madrid through the M-45 and M-50 ring roads. More precisely, it is located within the C.L.A. one of the most demanded sub-areas within Getafe for its location right in the intersection between the A-4 and M-50.
Tenant: Distribuciones Froiz S.A.U.
Location: Getafe (Madrid)
Land area: 6,172 sqm
GLA: 4,200 sqm
Free Height: 8 meters
Number of docks: 20 docks
Certification: In progress
Palibex
Spain
Cross-docking warehouse, with 6,947 sqm GLA located in Villaverde, the closest logistics area in the south of Madrid, with fast connections to the city centre through Avenida de Andalucia and the surrounding areas through M-40 and M-45 ring roads. The warehouse is 100% leased to Palibex, leading logistics spanish company specialized in fast pallet delivery services. The tenant uses this asset as its headquarters since 2012.
Tenant: Palibex Logistica S.L.
Location: Villaverde (Madrid)
Land area: 12,886 sqm
GLA: 6,947 sqm
Height: 8 meters
Number of docks: 46 docks
Certification: In progress
Asalvo
Spain
Logistics warehouse, with 7,984 sqm of GLA, located in one of the closest and most consolidated logistics areas in Sevilla, within the Industrial Park Hacienda Dolores in Alcalá de Guadaíra, right next to the intersection between the A-92 and SE-40 highways. The warehouse is 100% leased by Asalvo, Spanish company specialized in the manufacture and distribution of childcare products. The tenant uses this asset as its headquarters since 2016.
Location: Alcalá de Guadaíra (Sevilla)
Land area: 12,052 sqm
GLA: 7,984 sqm
Tenant: Estar Asalvo S.L.
Height: 6 – 9 meters
Number of docks: 9 docks
Certification: BREEAM Good
Dachser
Spain
Logistics warehouse, with 24,865 sqm GLA, located in Gélida (Barcelona). The asset benefits from a unique location both for local distribution within Barcelona metropolitan area, as well as for national distribution, since it is located in the intersection between the AP-7 highway (main highway along the Mediterranean coast of Spain), and the A-2 highway (Madrid – Barcelona). This warehouse has been fully refurbished in 2022 and is 100% leased by Dachser, a top tier international logistic operator.
Location: Gélida (Barcelona)
Land area: 44,476 sqm
GLA: 24,865 sqm
Tenant: Dachser Spain Logistics, S.A.U.
Height: 11 meters
Number of docks: 53 docks
Certification: BREEAM Good
Golderos
Spain
Logistic warehouse, with 5,065 sqm GLA located in Coslada (Madrid), the most demanded logistics location within Madrid’s 1st ring, right next to the A-2 highway (Madrid – Barcelona) and Madrid’s Airport. This warehouse is 100% leased by Golderos, a leading company in Spain in the design and manufacture of dispensing equipment for beverages. The tenant uses this asset as its new headquarters.
Location: Coslada (Madrid)
Land area: 8,824 sqm
GLA: 5,065 sqm
Tenant: Golderos, S.A.
Height: 11 meters
Number of docks: 8 docks
Certification: BREEAM Very Good
Carpetania
Spain
Land plot for the development of a new logistic asset with 12,050 sqm, located in La Carpetania Industrial Park (Getafe), within the 1st ring of Madrid. La Carpetania is a highly consolidated logistic hub alongside the A-4 highway axis with presence of large tier 1 logistic operators.
Location: Getafe (Madrid)
Land area: 21,971 sqm
GLA: 12,050 sqm
Tenant: n.a
Year of construction: TBD
Height: 12 meters
Number of docks: 20 docks
Certification: BREEAM Excellent
Atalayuela
Spain
Land plot for the development of a new logistic asset with c. 10,500 sqm GLA, located in “Poligono Industrial La Atalayuela” in the Vallecas district, southeast of the city of Madrid. Its proximity to Mercamadrid and fast connections to the M-40 and M-45 and to the Henares corridor, makes it one of the best locations in the 1st ring of Madrid for urban logistics and last-mile distribution.
Location: Vallecas (Madrid)
Land area: 15,751 sqm
GLA: 10,325 sqm
Tenant: n.a
Year of construction: TBD
Height: 12 meters
Number of docks: 9 docks
Certification: BREEAM Excellent
Atalayuela II
Spain
Land plot for the development of a new logistic asset with c. 5,390 sqm GLA, located in the “Poligono Industrial La Atalayuela” in the Vallecas district, southeast of the city of Madrid. Its proximity to Mercamadrid and fast connections to the M-40 and M-45 and to the Henares corridor, makes it one of the best locations in the 1st ring of Madrid for urban logistics and last-mile distribution.
Location: Vallecas (Madrid)
Land area: 9,167 sqm
GLA: 5,390 sqm
Tenant: n.a
Year of construction: TBD
Height: 12 meters
Number of docks: 12 docks
Certification: BREEAM Excellent
Gavilanes
Spain
Land plot for the development of a new logistic asset with c. 6,086 sqm GLA, located in Getafe, on of the main 1st ring logistics hubs in the south of Madrid with fast connections to the city center through A-4 highway and to the whole metropolitan area of Madrid through the M-45 and M-50 ring roads.
Location: Getafe (Madrid)
Land area: 11,108 sqm
GLA: 6,086 sqm
Tenant: n.a
Year of construction: TBD
Height: 12 meters
Number of docks: 11 docks
Certification: BREEAM Excellent
US Logistics Portfolio
Azora Exan's main investment thesis is to acquire logistics platforms (fulfillment centers, shortage centers, and last-mile facilities) in the main industrial/logistics corridors within the US, leased to well-known credit-rated tenants.
Amazon Fullfiment Center Houston Texas
The 1 million-square-foot facility is fully leased to Amazon, which uses it as its distribution center for the region, until 2033. The Amazon distribution center employs 1,600 people and ships out 40,000 packages on a daily basis. Located at 31555 US-90, the ditribution center has access to Interstate 10 and is 15 minutes away from the nearby city of Katy, Texas.
Amazon Last Mile Facility Greensboro
The 62,000 sqf last mile facility in Greensboro, is fully let to the world’s largest e-commerce company until the year 2029. Offering a hub for state-of-the-art last-mile delivery, the asset’s optimal layout is perfectly suited to the tenant’s specific needs and serves as a mission-critical facility for its operations.