Aquila Capital’s Southern European Logistics Fund (ACSEL) has acquired a state-of-the-art logistics platform in Gandra, located in the Greater Porto region of Northern Portugal.
The 16,570 m2 facility, fully leased on a 20-year term, marks ACSEL’s continued commitment to expanding its portfolio of sustainable logistics assets across Southern Europe.
The newly completed facility, developed by Green Logistics, Aquila Group’s logistics business, is strategically situated near major transport hubs, including Porto (25 km), Porto Airport (26 km), and the Port of Leixões (29 km).
The Gandra North Green Logistics Park is expected to achieve a BREEAM Very Good certification, reinforcing ACSEL’s focus on environmentally responsible investments. The logistics complex features advanced water management systems, including a water retention basin and permeable pavement and promotes sustainable transportation through electric vehicle charging stations and bicycle parking.
The newly acquired asset expands ACSEL’s portfolio to a total lettable area of 250,000 m2, encompassing five fully leased properties and generating an estimated €13.5 mln in gross rental income by year-end 2024, with a weighted average lease term (WALT) of 16 years across all holdings.
This acquisition brings the market value of the portfolio to €320 mln and a total gross rental income of €18 mln considering already secured additional transactions.
Till Schulz-Eickhorst, managing director & head of fund management sustainable infrastructure at Aquila Capital, commented: 'This acquisition strengthens ACSEL’s portfolio in one of Southern Europe’s most dynamic logistics markets.
'With this high-quality asset, we continue to deliver stable returns for our investors while meeting stringent sustainability standards. The long-term lease agreement ensures predictable revenue streams and aligns
with our strategy of focusing on fully leased, sustainable logistics properties.'
The acquisition of the Gandra North facility is part of ACSEL’s broader strategy to capitalise on strong demand in the Southern European logistics sector, driven by trends such as e-commerce growth and supply chain optimisation.
