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News
17/09/2015
Saba seals with CBRE Global Investors the sale of ZAL Toulouse
  • The operation is part of the strategic plan of the company of reorganization its asset portfolio and boosting the car park activity
Saba headquarters

Saba, through CPL, has signed an agreement with CBRE Global Investors for the sale of its logistics park ZAL Toulouse for an amount of EUR 23 million. This logistics infrastructure, with a gross surface area of 20 hectares, is a landmark of southern Europe due to its excellent location, one of the areas with the highest economic growth in France, the Midi-Pyrenees. Located in the province of Haute Garonne, just 30 km from Toulouse by the A62 motorway and 10 km from the intersection with the A20 (Paris) highway.

The operation is part of the strategic plan of Saba reordering its assets portfolio and at the same time, growing in the car park activity, with significant operations such as the recent agreement for the acquisition of the Portuguese concessionaire CPE, which represents 15 new car parks with more than 8,000 parking spaces. Moreover, Saba concluded, in 2014, two key growth operations: the contract for the management and operation of the car parks in 51 Adif railway stations, with more than 22,700 parking spaces, and the award of 60% of Bamsa, company that will manage 26 municipal car parks in the centre of Barcelona for a period of 25 years.