Cushman & Wakefield (C&W) and CBRE announce that they were responsible for the sale of a warehouse of approximately 4,200 sqm located in the Seixal area, more precisely in Paio Pires. The property, strategically located in an industrial zone and featuring 6 loading docks and a clear ceiling height of between 6 and 9 metres, was owned by Colares Capital.
The asset was acquired by CLIMASUN, a leading Portuguese company in the air conditioning and HVAC equipment sector. Founded in 1998 and headquartered in Porto, CLIMASUN is the official distributor of residential, commercial and VRF (HAIER) air conditioning equipment, as well as industrial solutions (EMICON). Currently experiencing strong growth, the company was seeking an additional distribution hub in the Centre/South region of the country.
According to Francisco Quintanicho, Consultant in the Industrial and Logistics department at Cushman & Wakefield Portugal: “We are very pleased to have found a solution that is advantageous for both buyer and seller, especially as both are national entities. The South Bank area, and Seixal in particular, offers excellent business opportunities in the industrial and logistics sector, and it is our role to identify the best solutions for those seeking opportunities in this region of the country.”
Nuno Torcato, Industrial & Logistics Leasing Director at CBRE Portugal, adds: “This transaction is yet another demonstration of CBRE’s teams’ ability to support their clients throughout the entire real estate investment cycle. The swift identification of an alternative aligned with the owner’s objectives, combined with our multidisciplinary approach, made it possible to find an end user within a few months and deliver an efficient and advantageous solution for all parties involved.”
Both parties chose not to disclose the values involved in the transaction.
