Urban logistics property developer and asset manager Chancerygate and real estate investor Mitiska REIM, the leading specialist investor in European convenience real estate, have announced a strategic joint venture (JV) to develop multi-let light industrial parks in Portugal.
The JV has completed its first acquisition, which is a 6.67-acre (2.7-hectare) 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 centre 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 JV’s newly acquired site in Sintra in the near future.
Source: press release sent 18 June 2024