Portugal

Multi-tenant Industrial Facility Sold to Caravela Seguros

Multi-tenant Industrial Facility Sold to Caravela Seguros

Bond Advisory has closed the sale of a light industrial warehouse and office facility totaling 12,049 square meters of leasable area in São João da Talha.

Bond Advisory represented the buyer, Caravela Seguros, in an off-market transaction. Caravela Seguros acquired the asset as part of its core and core+ investment strategies.

Completed in 2006, the facility consists of 12 industrial units occupied by a diverse mix of tenants across 6 different industries. Situated on 2.28 ha, in one of the largest industrial areas North of Lisbon, the property benefits from exceptional connectivity, which has been a contributing factor to the submarket’s strong historical occupancy and stable rental rate growth.

“Despite the current unpredictable investing environment, industrial real estate remains an incredibly stable and high returning alternative asset class, said Nuno Marques Ribeiro, CEO of Bond Advisory “We continue to see a strong demand from the local and international investment community for core industrial and logistic products, especially in high-growth regions such as São João da Talha.”

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