Cushman & Wakefield advises lease of 50% of Panattoni Park Santarém

Cushman & Wakefield (C&W) advised on the lease of the remaining 50% of Panattoni Park Santarém, corresponding to 17,840 m², to an international industrial company operating in the data center sector. To date, this transaction represents the largest logistics and industrial leasing deal completed in Portugal’s Central Region in 2026, bringing the project to 100% occupancy.

In this transaction, Cushman & Wakefield supported the company in its search for a new logistics facility, identifying Panattoni Park Santarém as the solution best suited to its operational requirements. The team managed the entire process, from identifying and evaluating available options through to the negotiation and execution of the lease agreement.

The international company specializes in air treatment and cooling solutions for data centers, including modular air-handling units, ventilation systems for large-scale facilities, and other cooling technologies for critical infrastructure.

Panattoni Park Santarém is a BREEAM Excellent-certified logistics and industrial park located on a site of approximately 103,000 m². The development comprises a flexible 34,344 m² building that can be divided into two independent units to accommodate different occupiers. The project stands out for its modern specifications, operational efficiency, and strong sustainability credentials. It also benefits from direct access to the A1 motorway (North Motorway) and a strategic location approximately one hour from Lisbon, enabling efficient nationwide distribution.

The property is located in Santarém, a strategic hub for logistics and industrial operations, offering excellent visibility, direct access to major transport routes, and a central position that allows efficient servicing of the entire Portuguese market.

“This transaction once again reflects the strong demand we continue to observe in the Portuguese logistics market, both in Lisbon and Porto. This trend has remained consistent over the last two years and, far from showing signs of slowing down, continues to demonstrate the strength and attractiveness of both locations. The outlook for the market remains very positive, and we do not anticipate any significant reduction in demand in the short or medium term,” said Arantxa Prado, Managing Director of Panattoni Iberia.

“It was rewarding to support Panattoni in the commercialization of one of its flagship projects in Portugal while simultaneously finding a solution that perfectly matched the tenant’s requirements. This transaction highlights the importance of having modern, flexible, and ready-to-occupy logistics space available in the market, particularly for companies seeking expansion or relocation within a short timeframe. Immediate availability enables a faster response to occupier requirements and represents a significant competitive advantage in a market facing a shortage of high-quality logistics products,” said Francisco Quintanicho, Senior Consultant at Cushman & Wakefield.

It is also worth noting that Cushman & Wakefield’s Industrial & Logistics team was recently recognized by Panattoni as “Best Agency in Portugal 2026” during an event held in Poland last October.