industrial Market News: Spanish Real Estate Intelligence

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
New Industrial & Logistics Developments Lacking in Lisbon
29 April 2019 – Hipersuper The real estate consultancy Savills Portugal believes that the supply of industrial and logistical real estate in the greater Lisbon area will continue to trail demand during 2019, limited to pre-existing warehouse facilities as new developments are nowhere to be seen. Rents are expected to rise in the face of highly limited supply, leading to the renegotiation of existing contracts. Turnover amounted to a total of 180,300 square meters, a decrease of 17% over the same period of 2017. Rents may rise slightly, especially in more central areas. Last year, the area between Alverca and Azambuja saw the region’s highest level of absorption with around 70,000 square meters, followed by Palmela and Setúbal (28,594 m2) and Loures and Vialonga (23,682 m2). Original Story: Hipersuper - Rita Gonçalves Translation/Summary: Richard D. K Turner

Parpública Moves Ahead with Sale of Lisnave’s Former Lands
26 April 2019Richard D. K. Turner Baía do Tejo will present the project for the sale of Lisnave’s former lands on May 14. Parpública will grant the asset, in the industrial area of ​​Margueira, in Almada, under concession for the development of housing, commerce, services, cultural areas and maritime buildings, including a passenger terminal and marina. The Baía do Tejo Group is a subsidiary of Parpública and is the result of the merger of Quimiparque, SNESGFES and Urbindústria in Seixal. The land in question has an estimated construction area of 630,246 square meters. Projects for the land include the Cidade da Agua development (Water City) and a new hotel, a museum and a congress centre. The Baía do Tejo Group is expected to cover any costs associated with dismantling any existing structures and any environmental liabilities. Original Story: Dinheiro Vivo - Ana Margarida Pinheiro Foto: D.R. Translation/Summary: Richard D. Turner