CBRE has successfully completed the sale of two logistics assets, totaling approximately 59,000 square meters, located in Montijo, Portugal. The transaction was conducted off-market and exclusively by CBRE. The assets are strategically situated near major road axes in the Lisbon Metropolitan Area, providing excellent accessibility. They are designed to meet the demands of last-mile operations and have a tenant base comprising national and international companies.
According to CBRE, the transaction demonstrates the ongoing interest of institutional investors in the Portuguese logistics sector. This interest aligns with the growing demand for logistics spaces in strategic locations within the region. The sale also underscores the significance of Montijo as one of the most dynamic logistics hubs in the Lisbon Metropolitan Area. The area's growth in population and evolving consumer patterns have contributed to its prominence.
João Duarte Silva, Director of Industrial & Logistics Capital Markets at CBRE Portugal, highlighted the transaction's importance. He stated that it showcases the solidity of the Portuguese logistics market's fundamentals and the continued interest of international investors in the sector. Silva expressed confidence that Portugal will continue to attract a growing volume of investment in high-quality and large-scale logistics assets that meet institutional investor requirements.
Nuno Torcato, Head of Industrial & Logistics at CBRE Portugal, also commented on the transaction. He noted that it confirms the increasing demand from occupants for alternative locations beyond traditionally prime zones. The Logispark currently has around 10,000 square meters available for lease, which has sparked interest from various entities across different sectors. This interest reflects the asset's quality and the strategic attractiveness of its location.
The Logispark Montijo assets are well-positioned to serve the needs of logistics and distribution companies. Their proximity to major transportation routes and infrastructure facilitates efficient operations and distribution. The area's growing importance as a logistics hub is expected to continue, driven by its strategic location and the ongoing development of the Lisbon Metropolitan Area.
The sale of the Logispark Montijo assets is a significant transaction in the Portuguese logistics market. It highlights the sector's resilience and the continued appetite of investors for high-quality logistics assets. The transaction also underscores CBRE's expertise and role in facilitating complex real estate transactions.
The completion of this sale reflects the dynamic nature of the Portuguese logistics market. With the continued growth of e-commerce and changing consumer behaviors, the demand for strategic logistics spaces is expected to remain strong. The Logispark Montijo assets are well-positioned to capitalize on this trend, offering a high-quality solution for logistics and distribution needs.
Key points
- CBRE concludes sale of two logistics assets in Montijo, Portugal, highlighting continued investor interest in the country's logistics sector.
- The transaction demonstrates the growing demand for logistics spaces in strategic locations within the region.
- The sale underscores Montijo's significance as one of the most dynamic logistics hubs in the Lisbon Metropolitan Area.
