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industrial Market News: Spanish Real Estate Intelligence

Merlin Properties to Invest €150MM in its North Lisbon Logistics Platform
9 July 2019 – Richard D. K. Turner Merlin Properties is to invest €150 million in the North Lisbon Logistics Platform in Castanheira do Ribatejo. The firm acquired the asset from SAB in 2016. Merlin plans to build several state-of-the-art warehouses on the site, with construction forecast to conclude in 2023. The first warehouse, however, is expected to begin operations in 2020. The Spanish socimi began its investments in Portugal in 2015. Since then has acquired a range of assets, including in the office, shopping centre and logistics sectors. Original Story: Hipersuper - Filipe Pacheco
 
Mercadona’s Logistics Platform in Northern Portugal Is Ready for Business
3 June 2019Richard D. K. Turner According to an article in Publituris, Mercadona has completed construction on its logistics platform in Póvoa de Varzim. The platform will be used to supply the Spanish supermarket chain’s planned store openings in northern Portugal, the first of which will open on July 2 in Canidelo, Vila Nova de Gaia. Mercadona built the Póvoa de Varzim logistics platform on a 50,000-square-meter plot of land. The platform has two 12,000 square meter warehouses, which can store dry, refrigerated and frozen products. Original Story: Publituris - Filipe Pacheco