Spanish property company Inmobiliaria Colonial is to buy an industrial estate near Barcelona for €43.7m (Pts7.3bn).
The 88,000m2 estate, which is designed to be used as a distribution centre, will be ready for use in the first half of 2002. The company said that more than half of the warehouses on the estate have been assigned to a multinational logistics company.
Inmobiliaria Colonial achieved first quarter net profits of €23.1m (Pts3.8bn).
