With this transaction, the logistics park—which already hosts tenants such as Rangel, DSV, and Noatum—enters a new phase. Located in a well-established transport and freight logistics area, it offers privileged access to the country’s main roads and highways, just 500 meters from the A1, with connections to the A10 and A9. It is also adjacent to the Castanheira do Ribatejo train station in Vila Franca de Xira, providing direct access to the capital.
MERLIN Properties, the largest listed real estate company in Iberia, whose main activity is the development, acquisition, and management of commercial real estate assets, announced the development of the Lisbon North Logistics Park in early 2021, with the final phase scheduled for completion in 2028.
“We are very pleased to have supported MERLIN Properties in completing this transaction, which represents the largest logistics deal ever in Portugal, highlighting the dynamism of the market. This new infrastructure will certainly allow Worten to expand and significantly increase the efficiency of its operations,” said Sérgio Nunes, Head of Industrial & Logistics at Cushman & Wakefield.
João Cristina, head of MERLIN Properties in Portugal, added: “This transaction not only demonstrates the strength of the logistics market but also reflects the ambition of both companies to continue being a reference in this country. We are very pleased to welcome Worten to our logistics platform.”
