PORTFOLIO: FUND V
Portfolio of gasoline filling stations across Northern Spain
Fund V acquired a portfolio of 19 gasoline filling stations across Northern Spain at an attractive price from an expiring closed-ended fund. The stations generate a secure and growing income under long, triple net leases signed by major hypermarket brands, Carrefour and Eroski.
The investment diversifies the portfolio into a new ‘alternative’ real estate sector and will draw on the expertise of a member of the ASG Iberia team with direct experience in gas station assets. It’s another example of ASG funds looking outside direct real estate investments and finding compelling opportunities in property-related businesses.