The properties belonged to Fundo Logística e Distribuição. The operation was assisted by CBRE, who assisted Incus Capital in structuring and gathering financing and in the commercial due dilligence of the deal.
Igor Borrego, Associate Director and Capital Advisor for CBRE, comments that «the Industrial and Logístics sector is the focus of investors throughout Europe, although in Portugal that dynamics is not felt as stongly. It was thus a very exciting challenge to support Incus through the financing process, defending the strategy and the sector’s and the market’s dynamics to the several institutions we got in touch with. We are very happy with the added value for our client and it’s also very positive to see that the financial institutions are increasingly more willing to support real estate investment projects, a reality which will surely grow within the next few months».
Alejandro Moya, Partner at Incus Capital adds that «we are very happy to carry out this transaction with the help of CBRE. This investment reflects our continuous confidence in the recovery of the Portuguese economy and, specifically, the logistics sector».