ADVEO receives payment of €5.02m after closing sale of warehouse in Châteauroux

Madrid, May 23rd 2018.- ADVEO has received today a payment of €5.02m after closing the sale of the ADVEO France warehouse in Châteauroux with M7 Real Estate France on April 6th. This operation involves capital gains of around €0.5m and a net cash income of €3.8m.

After this sale and that of Compans warehouse last January, ADVEO France will concentrate its operations at a new logistics centre near Compans that will be ready not later than November 2018.

The new warehouse will be equipped with avant-garde infrastructures and technology. This will allow ADVEO to have a more efficient management system, adapted to the business evolution. This new logistics model will significantly reduce costs and improve the quality of services to customers.

Gerardo Gorostiza Phone 916 789 822

Laura Villuendas Phone 916 789 804