Patron Capital and Inbright’s industrial real estate investment partnership has acquired a 26,000sqm industrial estate in Portugal.
The partnership has invested an unspecified sum to acquire Quinta da Marquesa in Palmela to the south of Lisbon, from an open-ended Portuguese real estate fund.
The joint venture between Patron Capital and Inbright was set up to own a portfolio of sustainable light industrial and logistics assets in Germany and Portugal. The venture focuses on value-add opportunities, including potential for sustainable refurbishment and modernisation.
In Portugal, the joint venture’s goal is to build a €100m portfolio, and this latest deal marks its second transaction in the country.
The companies said Quinta da Marquesa, which is around 50% occupied, offers immediate leasing opportunities and significant value-add potential.
Jonatas Szkurnik, senior partner and investment director at Patron Capital, said: “This acquisition underlines our commitment to building a high-quality, future-proofed portfolio in Portugal, where there is robust demand for well-located, energy-efficient light industrial and logistics space.
“Together with Inbright Portugal, we are focused on delivering sustainable assets that meet occupier demands while creating long-term value for our investors.”
Christoph Gumlich, managing partner at Inbright Portugal, said: ”Quinta da Marquesa fits perfectly into our strategy – a well-connected industrial asset within a key economic cluster anchored by Volkswagen Autoeuropa, which produces two strategically important models at its Palmela site.
“The property allows us to quickly deliver modern space in a tight market environment. With our local team in Lisbon, we are well-positioned to proactively manage the asset and implement ESG-focused upgrades.“
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