Swiss private investment and consulting company Qantara Capital will build one of the largest logistics parks in Portugal in Grândola, about 100 km south of Lisbon and 50 km north of the international Port of Sines.
According to local reports, Qantara Capital is investing an estimated €500 mln, although the final sum will depend on the use of the platform by future tenants.
The Grândola Logistics Park - Euro Atlantic (GLPEA) boasts 130 hectares, divided into macro-lots, with 670,000 m2 of construction area for logistics, industry and services, 300,000 m2 for adjacent infrastructures and 330,000 m2 for green areas.
Construction will kick off later this year, with the start of operations scheduled for 2024.
Hadrien Fraissinet, CEO of Qantara Capital, said: ‘We will build the largest private logistics platform in Portugal and one of the greenest in Europe. Along with expansion in e-commerce and nearshoring, events since 2020 have highlighted the strategic importance of the Euro-Atlantic trade corridor, where Portugal is becoming a protagonist. The scale, location and intermodality of the GLPEA reflect this new reality.’
The GLPEA will set new benchmarks in ESG standards by promoting innovation, integration, and sustainability.
Environmental requirements include green building certification, extensive use of solar power and smart utilities management.
The GLPEA is linked to the IC1 motorway and the Southern International Corridor, which in turn connects the International Port of Sines to Spain.
The logistics park has a private railway station and will function as an intermodal platform, a gateway to Europe and the Atlantic.
CBRE Portugal will assist Qantara Capital in the process of promotion and marketing of the project.
