CONTACT US
Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting cushmanwakefield.com to read:%0A%0A {0} %0A%0A {1}

Cushman & Wakefield Sells Emblematic Industrial Property in Palmela

27/04/2022

Cushman & Wakefield recently announced that it has advised Caixa Geral de Depósitos on the sale of an industrial property with c.a 42,800 m2 of GCA in Palmela (Greater Lisbon Area). 

The property was acquired by NewCold, a Dutch  company with a global network of advanced and fully automated cold storage warehouses on 3 different continents.

The property consists of two logistics warehouses and a restaurant. It is served by excellent accessibilities, very close to the A2 motorway, that connects Lisbon to the South of Portugal. In the past, the property was occupied by the former GCT group and has been on the market for a few years.

According to Sérgio Nunes, Head of the Industrial, Logistics and Land at Cushman & Wakefield Portugal, “this transaction reflects the dynamism of the logistics market in Greater Lisbon and reinforces the position of the NewCold group, a reference in the cold logistics sector, in particular on the south bank, Palmela. This transaction also reveals that players tend to choose locations with good accessibilities and exposure. The Palmela area, since the creation of Autoeuropa, has had a strong commitment from large investors from other sectors, that choose this strategic location for their investments.”

About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2023, the firm reported revenue of $9.5 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), sustainability and more. For additional information, visit www.cushmanwakefield.com.

CAN'T FIND WHAT YOU'RE LOOKING FOR?

Get in touch with one of our professionals.
With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on Cookies.

MORE OPTIONS
Agree and Close
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All
SAVE SETTINGS