CGD sells an industrial asset in Palmela

CGD sells an industrial asset in Palmela

Cushman & Wakefield advised Caixa Geral de Depósitos on the sale of an industrial property in Palmela, which has around 42,800 sqm of construction, «the area of ​​Palmela, since the creation of Autoeuropa, has been strongly committed by large investors from other sectors, who choose this point as a strategic location for their investment», highlights Sérgio Nunes, head of the Industrial, Logistics and Land department at Cushman & Wakefield.

NewCold, a company specialized in the management of cold logistics solutions, acquired the property, which consists of two logistics warehouses, a restaurant, providing excellent accessibility. The property was occupied by the former GCT group and had been on the market for some years.

Sérgio Nunes emphasizes that «this transaction reflects the dynamism of the logistics market in Greater Lisbon and reinforces the position of the NewCold group, a reference company in the cold logistics sector, particularly on the south bank, Palmela. We conclude that companies continue to choose locations with good accessibility and exposure».

Iberian Property logoIberinmo logo
Iberian Property is the best platform for investment in Spain & Portugal. Created for those who seek reliable information about players and deals happening in Iberia. Through updated database, reports, market indicators and daily news, we report “Who’s Who” in Iberian Real Estate!. Iberian Property is also proud to organize the most important international real estate investors’ meeting in Iberia - Portugal Real Estate Summit!