The asset is fully occupied. It has a total of six warehouses and two lots ready for contruction with a 14.000 sqm buildable area..
Fernando San Juan Monje, director of operations in Spain for Invesco, explains, quoted by IPE Real Assets that «With a significant undersupply of high-quality logistics assets due to the physical constraints of the city, the strong resurgent economy in Portugal and a continued increase in e-commerce, this investment offers an attractive opportunity for our entry into the Portuguese market».
Steffen Pilopp, Senior Director at Invesco and in charge of Fund Management, comments that «Portuguese logistics have become an attractive product for institutional investors as they offer yield premium compared to other European markets and forecast of rental growth driven by e-commerce».
