The French SCPI MNK Partners has just acquired an industrial property located 50 kilometres from Lisbon and covering an area of approximately 5,000 sqm. B.Prime represented the seller, an industrial group that will remain as the tenant of the property. The value of the deal has not been disclosed.
The property comprises three interconnected buildings, incorporating industrial, storage, laboratory and office spaces.
As part of this transaction, structured as a sale and leaseback, the seller will remain as the tenant, ensuring the continuity of operations at the site where production, laboratory and logistics activities are carried out. To this end, a lease agreement has been signed with an initial term of ten years, subject to automatic renewal.
“This transaction reflects the strong interest among international investors in industrial assets in Portugal with long-term leases and stable tenants. The sale-and-leaseback structure continues to establish itself as an efficient solution for companies seeking to optimise their capital structure without compromising operational continuity,” commented Nuno Ferreira, Head of Investment at B.Prime.
