A cooperation agreement was inked by the competent parties
Activity in the new warehouse will start at the end of the year.
Frigoglass has already collected a total of 50 million euros in insurance compensation.
Polygreen acquires a fleet of approximately 70 collection vehicles through this deal.
The seed portfolio will comprise c. 28,400 sq ft of new, high-quality space.
The property is located in Alcala de Henares on the strategically important Corredor de Henares in the northeast of Madrid.
The property stands in close proximity to Manhattan, Brooklyn and Queens, providing direct, rapid access to more than 13.5 million people.
The Company participates with a 20% stake in the SPV, with ORILINA PROPERTIES holding the remaining 80%.
Operations in the facilities of the historic industry has been ceased in 1991 and now are expected to be revived.
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ECOΔΟΜΕΙΝ
The Tripoli Courthouse, a two-story structure with a basement, was originally constructed around 1930.
