Cushman & Wakefield, a leading global consultancy in real estate services, announces that, about 5 years later, it has successfully concluded the multiple transactions that will allow the construction of the new MEDWAY rail freight terminal with more than 220,000 m2, in Famalicão.
MEDWAY is a logistics operator and the largest private operator of goods transport in the Iberian Peninsula, that offers integrated logistics solutions. It has a vast fleet of locomotives and wagons - 69 locomotives (35 electric and 34 diesel) and 2917 wagons - as well as several logistic terminals and an area for maintenance and rail transport logistics.
MEDWAY is part of MEDLOG, a logistics operator operating in over 70 countries.
The construction of the new terminal was announced a few year ago and in this process there was the need to negotiate with more than 20 different owners. Throughout the process, Cushman & Wakefield provided various consulting services and coordinated various due-diligence processes, which resulted in the purchase of approximately 231,717 m2 of land that will be used as a site for the new terminal.
Located in the parish of Lousado, municipality of Vila Nova de Famalicão, the Lousado terminal will be the largest terminal in the Iberian Peninsula. The direct connection to the Lousado terminal via the Minho line, as well as road accessibility via several main routes, boost the numerous industries and activities with import and export needs at local and Iberian level.
In addition to having a connection to the Minho line, the complex will have four 750-metre railway lines and a capacity for 10,000 TEU (measure equivalent to the length of a standard freight container).
For Sérgio Nunes, Associate and director of the Industrial and Logistics department at Cushman & Wakefield Portugal, “This is a project that made us very proud and pleased to be involved, given its enormous scale and importance for our country. It is the realization of hard and very challenging work, in which we were able to transact many properties that will allow the construction of a project that will contribute to the positive transformation of the freight transport and logistics market.”
