Audiconsultores ETL Global has advised Abacus Cooperativa on the sale of its logistics centre located in Vilanova del Camí to the Swiss asset manager Pictet and its local partner Freo for €31M. The transaction, carried out through a sale & leaseback operation, allows Abacus to keep the facilities, which have more than 25,000 square metres and 18 loading bays, on a leasehold basis for the next 17 years. Through this warehouse, the cooperative serves its 48 physical shops, the online channel and also businesses and schools.
This operation also forms part of the strategic lines established by Abacus as a result of the merger with the SOM cooperative in July 2021, with which it aims to consolidate its position as a benchmark organisation in the field of education and culture, as well as ambitious objectives such as competing with giants such as Amazon through its own online shop.
Our team of lawyers and economists, led by Llorenç Hernández and Óscar Casanovas, has participated in both the Due Diligence process and in the advice and drafting of the purchase and sale contract as well as the subsequent lease contract.
Enhorabona a tot l’equip que ha participat en aquest gran projecte!
The Spanish newspapers ARA, La Vanguardia and Diario Expansión have echoed the operation.
