Arcapita Bank's logistics asset management unit Pinnacle announced on Tuesday that it has been awarded a new management contract for 123,000 m[sup]2[/sup] of logistics space in Spain. The company will manage seven distribution facilities in the cities of Madrid, Barcelona and Zaragoza. The agreement increases Pinnacle's assets under management in Europe by 32% to over 500,000 m[sup]2[/sup].
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
