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#Brainsflash – Of note last week is the announcement by Lidl Portugal that it is investing 110 million euros in the construction of a logistics centre in Loures

April, 3, 2023

With the month of March almost coming to an end, last week was full of news and investments in some segments of the real estate market. Of note was the Industrial/Logistics segment with some announcements all over the country.

Colliers announced earlier this week that it had advised Santander Asset Management (SAM) on the sale of two industrial buildings located in the Folgosa area of Greater Porto. The two assets were sold to the fund manager M7, on behalf of a Blackstone fund. The investment value totalled around 8 million euros.

Meanwhile, it became public that through ALMA Development, the ESSENCE – New Tradition, a real estate development of excellence, will be born in the Antas area, in Porto. The project includes 84 flats and the completion date is scheduled for the 4th quarter of 2025.

Soon after, Lidl Portugal announced that it is investing 110 million euros in the construction of a logistics centre in Loures. The warehouse has an implantation area of around 54,000 m2 and has a storage capacity for over 44,000 pallets. The works have already started.

M7 Real Estate has also acquired an Industrial/Logistics Portfolio. The portfolio, comprising two assets, is owned by Fundo AF Portfólio Imobiliário and managed by Interfundos. These assets, located near Lisbon, in Carregado and Montijo, total an area of 15,300 m2.

Finally, GRC IM enters Portugal and wants to invest 200 million euros. The management company GRC IM begins its operations in the Iberian market, with a presence in Lisbon and in Madrid. The company already has EUR 180 million under management, and is in the market looking for opportunities to increase its portfolio in the Portuguese and Spanish territories.