Transaction / Assets Sellerna Buyerna € MM
#Brainsflash – Last week, Mercadona announced an investment of 225 million euros in Almeirim, Santarém, in what will be the largest logistics block in the Iberian Peninsula.
February, 20, 2023
With Carnival just around the corner, the past week proved itself dynamic in terms of announcements and investments, mainly in the residential, retail and logistics segments. Of particular note was the Government’s announcement at the end of the week, of the new measures to tackle the housing crisis.
On Monday, it became public that Heed, Amro and IPIM closed a €7.5 million loan with Alteralia Real Estate Debt, for the development of a student residence project in Porto, with 151 beds. The inauguration of the project is scheduled for January 2024.
The following day, the retailer Aldi announced that it is entering 2023 with the opening of two new stores, in Ferreiras (Albufeira) and Águas Santas (Maia). The construction of the new spaces enabled for the requalification of the industrial patrimony and for the improvement of commercial accesses.
Meanwhile, the Government will invest around 65 million euros to transform a former GNR Barracks, in Largo do Cabeço da Bola, in Lisbon, into housing, through the Fundo Nacional de Reabilitação do Edificado – FNRE (National Fund for the Rehabilitation of Buildings). The public building has more than 22,000m2 and plans are being made for the construction of dwellings, mainly flats, which will mostly be available under the Affordable Lease Programme.
With the week ending, the Government has gone forward with new measures to combat the housing crisis, with the approval of the Mais Habitação. The new measures aim at increasing the housing supply, making licensing simpler, creating a larger rental market, fighting speculation and supporting families.
Finally, Mercadona has announced the investment of 225 million euros in Almeirim, Santarém, in what will be the largest logistics block in the Iberian Peninsula. The logistics asset will be built on a plot of land of 440,000m2, acquired by Mercadona, and will have a construction area of 120,000m2.