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industrial Market News: Spanish Real Estate Intelligence

Aquila Capital to Invest €88 Million in Green Logistics Project North in Azambuja
26 August 2019 Aquila Capital, a German fund which invests in sustainability-related assets such as renewable energy, social housing, green logistics, timber and agriculture, announced that it would develop a 115,000-m2 “green” logistics project in Azambuja - 35 km north of Lisbon. The German fund will invest approximately 88 million euros and start construction in early 2020. Aquila stated that the logistics units will be sustainable and have photovoltaic panels installed on every roof. Original Story: Idealista Adaptation/Translation: Richard D. K. Turner
 
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