Aquila Capital enters Portuguese real estate market

German alternative investment firm Aquila Capital has entered the Portuguese real estate market with the development of 115,000 square meters (1.2 million square feet) of logistics properties in Azambuja, Portugal.

The property is located 35 kilometers (21.7 miles) north of the country’s capital of Lisbon, in an infrastructure hub connected to the highway and railway systems, air freight networks and two deep-water ports.

Aquila Capital has a long logistics track record in Germany, where the group carried out large projects across the country. The transaction closely follows the firm’s recent development of more than 500,000 square meters (5.4 million square feet) of green logistics properties in Madrid from early July.

“Portugal is a highly attractive market for institutional investors looking for established logistics hubs in the euro zone with significant upside potential,” said Rolf Zarnekow, head of real estate at Aquila Capital in a statement. “G