Incus Sells Portuguese Logistics Portfolio to M7

Incus Sells Portuguese Logistics Portfolio to M7

Image of the Alcochete logistic platform

The portfolio comprised seven assets that add up to 74,000 sqm of logistic gla and included tenants such as Jerónimo Martins, Efacec and Unicer. Incus was advised by Iberian Capital Markets advisor RPE in this transaction.

The biggest asset is located in Alcochete (Lisbon) and has a total of 26,211 sqm of gla. The portfolio counts with four other assets in Greater Lisbon, one in Porto and another one in Funchal.

Tim Seconde, Head of Capital Markets of RPE Portugal, commented «The assets in the portfolio are well located and fit the last-mile criteria that many investors are looking for. The properties are also let at conservative rents allowing for future upside for the new owner».

Tiago Brandão of Incus Capital commented «The sale of the portfolio is a clear example of our successful strategy to buy and stabilize assets through active asset management. We continue focused on the Portuguese market looking at value creation within specific asset classes that we believe have potential to grow and a positive outlook».

The last transaction of M7 Real Estate registed by Iberian Property was in November 2020 and represented an investment of 41 million euros on the purchase of 10 corporate assets in Portugal, that both included office and logisitc properties. 

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