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industrial Market News: Spanish Real Estate Intelligence

ALDI to Build a €50-Million Logistics Platform in Moita
11 February 2020 The Moita City Council will sign a contract with ALDI this week, whereby the retail giant plans to build a €50-millio logistics platform. The firm intends to build the platform at Fonte da Prata, in Alhos Vedros, creating approximately 300 new direct jobs. ALDI also agreed to repave a section of the former 11-1 National Road. Moita is a municipality in Setúbal, just to the south of Lisbon. Original Story: Diário Imobiliário Translation/Summary: Richard D. Turner
 
Mylan Sells Building in Alvalade to Parinama Family Office
17 December 2019 – The pharmaceutical firm Mylan has sold a building in the industrial area of Lisbon's Alvalade district to the Portuguese family-office Parinama. The property is located at Rua do Centro Cultural, 13. CBRE brokered the sale process but did not disclose details of the transaction. According to the real estate consultancy, Alvalade, which is five kilometres inland from the historic area of Lisbon, is a highly sought-after area by Portuguese families. The neighbourhood as a markedly industrial character and the asset currently includes a warehouse with upper-floor offices. The property has a total above-ground area of 1,970 square meters, along with 740 m2 below ground. Original Story: Idealista Adaptation/Translation: Richard D. K. Turner
 
Belgium’s VGP to Invest €20 Million in New Logistics Facility
28 November 2019 – VGP, a pan-European developer, manager and owner of high-quality logistics and semi-industrial real estate, will build a new logistics facility in Santa Maria da Feira, in its first investment in Portugal. The new facility will have more than 30,000 square meters of covered surface area and is expected to generate about 200 jobs. The firm expects to invest approximately 20 million euros in the development, which will be located about a 30-minute drive from Porto. Original Story: Jornal de Negócios - Rui Neves Adaptation/Translation: Richard D. K. Turner