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AXA IM Alts acquires a 58,000 sqm sustainable last-mile logistics asset in Spain

AXA IM Alts, a global leader in alternative investments with €188 billion of assets under managementSource: AXA IM Alts unaudited data, as of 31 March 2022, announces that it has completed, on behalf of clients, the acquisition of a sizeable and newly developed last-mile logistics asset in Barcelona, Spain. The investment opportunity was sourced from Acciona, a global leader in providing regenerative solutions for a decarbonized economy, who acted as developer for the project and pre-let the facility to a leading global e-commerce operator on a long-term lease.

The c. 58, 000 sqm asset comprises a bespoke last-mile logistics operating centre spread across 13,350 sqm of high-quality warehouse space alongside 44,540 sqm of parking, with capacity to accommodate more than 600 delivery vans. The asset will have a very strong covenant from day one, while its innovative design improves current best-practice distribution systems, supporting long-term value.

Located in central Barcelona, the second most populated city in SpainSource: https://worldpopulationreview.com/countries/spain-population, the asset will benefit from a strategic logistics location with good transport connections due to its proximity to the main highways and ports. Additionally, the asset borders one of the main residential districts in the city centre, creating a genuine last-mile logistics network and supporting the growing demand for rapid e-commerce delivery time frames.

Due to the scarcity of vacant development land of meaningful size in the area, this acquisition presents a significant opportunity to increase AXA IM Alts’ exposure to high-quality last-mile logistics in Spain. This acquisition adds to the business’ portfolio of 158 European logistics assetsSource: AXA IM Alts unaudited data, as of 31 March 2022 (pro forma secured acquisitions. Including land development) located across key distribution hubs in 11 countries, and brings its European logistics assets under management to over €5 billionSource: AXA IM Alts unaudited data, as of 31 March 2022, spread across c. 5.5 million sqm of high-quality primarily big box or last-mile urban logistics space.

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    This document is aimed solely at the media and is for information purposes only. The opinions expressed here are the views of the author and do not constitute investment advice. This is not a recommendation to purchase, sell or subscribe to financial instruments, an offer to sell investment funds or an offer of financial services. This press release is as dated. They do not necessarily represent the views of any company within the AXA Investment Managers Group and may be subject to change without notice. This does not constitute a Financial Promotion as defined by the Financial Conduct Authority. This is for information purposes only. No financial decisions should be made on the basis of the information provided. Past performance is not necessarily representative of future results: performance is not constant over time and the value of investments may fall as well as rise. 

    AXA IM and BNPP AM are progressively merging

    AXA IM and BNPP AM are progressively merging and streamlining our legal entities to create a unified structure

    AXA Investment Managers joined BNP Paribas Group in July 2025. Following the merger of AXA Investment Managers Paris and BNP PARIBAS ASSET MANAGEMENT Europe and their respective holding companies on December 31, 2025, the combined company now operates under the BNP PARIBAS ASSET MANAGEMENT Europe name.