Crossbay Completes Barcelona Logistics Asset Sale
Deal News | Aug 05, 2025 | This Is Mark Capital Management (prev. Meyer Bergman Limited)
MARK Capital Management's urban logistics strategy, Crossbay, recently completed the sale of a state-of-the-art logistics facility in Barcelona to AB Sagax, a stock-exchanged listed real estate investor based in Stockholm. This significant transaction represents Crossbay's commitment to leave a meaningful mark on Europe’s logistics sector by selling a new-build, BREEAM Excellent-rated facility within the Barcelona logistics scene. Located strategically in the Poligono Industrial Carretera del Mig, the facility is exceptionally connected, being just 10 minutes away from the bustling center of Barcelona and is within easy access to the city’s port area. This high-grade warehouse reflects best-in-class industry standards, hosting features such as expansive clear ceiling heights, equipped offices, and comprehensive fire protection systems. The transaction follows a highly competitive sales process highlighted by lucrative investment opportunities, with Barcelona's Grade A assets enjoying low vacancy rates and promising rental growth. The announcement also marks a strategic pivot for Crossbay as it liquidates its first fund to focus resources toward its new fund, Crossbay II, with sizeable equity commitments prepared for further investments. Crossbay II will continue the firm’s dedication to sustainable development, targeting prime single-user warehouses while also broadly looking to capitalize on speculative development opportunities.
Sectors
- Real Estate Logistics
- Investment Management
Geography
- Spain – The article’s core asset is in Barcelona, which is central to the transaction and investment strategy discussed.
- Sweden – AB Sagax, the acquiring company, is a Stockholm-listed entity, bringing a Swedish dimension to the geographic coverage.
Industry
- Real Estate Logistics – The article centers on the trading of a logistics facility which strongly fits into the Real Estate sector, specifically focusing on logistics properties that serve as key assets for supply chain operations.
- Investment Management – MARK Capital Management’s involvement in investment strategies and fund management reflects the core focus of this industry group, highlighting portfolio management and financial strategy activities.
Financials
- Undisclosed – Although the exact sum for the sale of the logistics facility was not specified.
- 1.5 billion EUR – Represents the total investment capacity of Crossbay II, including leverage.
- 660 million EUR – Equity commitments secured by Crossbay II in its fundraising efforts.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Crossbay | Seller | Company | Crossbay is an urban logistics strategy under the management of MARK Capital Management. |
| AB Sagax | Buyer | Company | A real estate investor listed on the Stockholm stock exchange, acquiring logistics assets. |
| MARK Capital Management | Seller | PE Firm | A pan-European real estate investment manager overseeing the operations of Crossbay. |
| Savills | Advisor | Company | Provided advisory services in the transaction process between Crossbay and AB Sagax. |
| Nacex | Tenant | Company | A Spanish shipment and logistics firm, leasing part of the logistics facility. |