Patron Capital and its partner INBRIGHT have launched a €100 million ($109 million) investment program to acquire and improve light industrial and logistics assets in Portugal.
The program will focus on properties with opportunities for upgrades to meet modern energy-efficiency standards, primarily in the Greater Lisbon and Greater Porto areas. Acquisitions in other economically strong Portuguese regions, industrial areas, and transport hubs are also planned.
The first acquisition was the purchase of Alto BP, a 16,259-square-meter (175,010-square-foot) industrial estate in Vila Franca de Xira, near Lisbon. The property was acquired from ECS and is currently 90 percent occupied, with a Portuguese National Government entity as a major tenant.
The Portuguese light industrial
