Logistics JV makes first lst maile acquisition in Porto
Ecologis, an owner of last-mile and big-box logistics assets within Portugal, has announced the platform’s latest acquisition of Estrada Velha, a 7,200-square-meter (77,500-square-foot) last mile logistics asset in Matosinhos, Porto. This is the first acquisition within the Porto area for the expanding Ecologis platform.
The asset is well located between Porto city center and Porto airport, with easy access to the A4 highway providing further connectivity through the North of Portugal. The site is occupied by an international medical equipment manufacturer.
The acquisition further grows the Ecologis portfolio, which now comprises 11 assets totaling 160,000 square meters (1.7 million square feet). The strategy is primarily focused on high-quality last-mile and big-box warehouses with good technical specifications, enabling a broad range of uses in addition to ensuring high operational efficiency for occupiers. All assets are strategically located close to major motorw