Montepio acquires three logistics assets in Portugal

Montepio has acquired three prime logistics properties in Portugal from Blackstone-managed funds for over €50 mln as part of an off-market transaction.

Axis Portfolio - Montepio

The so-called Axis Portfolio consists of logistics assets in Vila Nova de Gaia, Santo Tirso, and Algoz (Algarve), totalling approximately 57,700 m2.
The acquired assets boast modern features, high construction quality, ESG certifications, strategic locations along major logistics routes, and long-term leases with reliable tenants.
Dils Portugal advised Montepio on the transaction.
Nuno Esteves, head of Industrial, Logistics & Data Centres at Dils, stated: “The Axis Portfolio exemplifies the maturity that the Portuguese logistics market has reached, offering today core assets with state-of-the-art technical specifications, ESG certifications, and long-term contracts with leading tenants in their sectors.”
Marlene Tavares, head of CRE Investimentos, added: “This operation is a significant milestone for the market, at a time when institutional investors are precisely seeking assets with this profile of resilience and performance.”