Patron Capital and its partner INBRIGHT have launched a new €100 million ($109 million) investment program focused on building a portfolio of sustainability-focused light industrial and logistics assets in key locations in Portugal.
The venture will primarily target assets with value-added potential that can be refurbished to modern energy-efficiency standards in Greater Lisbon and Greater Porto, with selective acquisitions also being planned in economically strong Portuguese regions, industrial clusters and key transport hubs.
The first acquisition has already been successfully completed with the purchase of Alto BP, a multi-let 16,259-square-meter (175,010-square-foot) industrial estate in Vila Franca de Xira, northwest of Lisbon in the city’s wider metropolitan area. The property, which was taken over from private equity company ECS, is 90 percent occupied, with a Portuguese National Government entity being its main tenant.
The Portuguese light industrial
