Milepro Logística Última Milla SOCIMI, S.A. is a Spain-based real estate investment trust specializing in the acquisition, ownership, active asset management, and leasing of logistics and industrial real estate, with a primary focus on last-mile distribution facilities and core-plus logistics infrastructure. Founded in 2021 as an investment vehicle promoted by alternative asset manager Azora in partnership with Indosuez Wealth Management, the company is headquartered in Madrid, Spain, and trades on the BME Growth market under the ticker symbol YMIL.
The company's core business activities and portfolio offerings encompass the long-term leasing and property management of prime logistics platforms, cross-dock warehouses, and urban last-mile distribution hubs situated across key metropolitan markets and freight corridors in Spain, primarily concentrated in Madrid, Barcelona, and Valencia; technical asset repositioning, warehouse modernization, and sustainability retrofitting designed to achieve high energy efficiency benchmarks and BREEAM green building certifications; and institutional property management and leasing services catering to third-party logistics operators, freight transport providers, retailers, and e-commerce distribution platforms. The company is externally managed by Azora Gestión SGIIC, S.A.U., which oversees operational execution, tenant relationships, and capital deployment.
In recent developments, the company listed its shares on the BME Growth exchange in May 2023. In March 2024, Milepro expanded its asset base by co-investing in the 91 million euro acquisition of an 11-asset logistics portfolio comprising approximately 193,000 square meters in Madrid's Corredor del Henares logistics hub alongside an Indosuez-backed co-investment vehicle. Transitioning toward active capital rotation and portfolio value crystallization, the company executed the 42.7 million euro sale of two logistics facilities located in Villaverde (Madrid) and Gelida (Barcelona) to institutional investors in May 2026, utilizing the proceeds to fully cancel an associated 20.7 million euro mortgage financing facility and optimize shareholder returns.