Next Estate Income Fund III, a fund managed by BNPP Real Estate Investment Management Luxembourg SA agreed to acquire Isla de Manoteras Business Park in Madrid from Trajano Iberia Socimi, S.A. (BME:YTRA) for €62.8 million on August 2, 2019. The agreement is expected to be signed in the next few days. Cushman & Wakefield acted as broker for the company. Next Estate Income Fund III, a fund managed by BNPP Real Estate Investment Management Luxembourg SA completed the acquisition of Isla de Manoteras Business Park in Madrid from Trajano Iberia Socimi, S.A. (BME:YTRA) on September 30, 2019.