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Chancerygate, Mitiska REIM form JV, acquires first Portugal development site
Transactions - JUNE 18, 2024

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Chancerygate, Mitiska REIM form JV, acquires first Portugal development site

by Released

Chancerygate and Mitiska REIM have formed a strategic joint venture to develop multi-let light industrial parks in Portugal.

The joint venture has completed its first acquisition, which is a 6.67-acre brownfield site located 20 minutes’ drive northwest of Lisbon within the municipality of Sintra.

The site is situated close to the N9 and N250-1 access roads and the A37 and A16 motorways connecting Lisbon to Sintra, providing convenient access to both the Lisbon city center and Humberto Delgado Airport.

Chancerygate and Mitiska REIM will submit plans for a high-specification and sustainable multi-let light industrial and urban logistics development at the joint venture’s newly acquired site in Sintra in the near future.

All units at the proposed development will be constructed from high-performance building materials, and the scheme will target an EPC A and BREEAM Very Good rating as a minimum.

The joint venture’s initial objective is to acq

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