Sunrise Real Estate achieves 100% occupancy at Porto logistics asset

Sunrise Real Estate has reached full occupancy at its 77,000 sqm logistics development in Porto, Portugal, following an expansion by existing occupier THC, the Lisbon‑based third‑party logistics provider. 

Sunrise Porto

THC has signed a new lease to increase its footprint at the scheme, taking the asset to 100% let.

Developed speculatively in partnership with Panattoni and completed in 2025, the asset comprises two large industrial units designed to accommodate high‑volume goods movement, featuring 140 dock doors and a 3.5 MVA power capacity. The building holds a BREEAM Very Good rating, reflecting Sunrise’s focus on delivering future‑ready, energy‑efficient logistics space.

Located just east of Porto, the scheme sits within one of northern Portugal’s most supply‑constrained logistics corridors. The Portuguese logistics market continues to benefit from strong occupier demand driven by supply chain optimisation, e‑commerce growth and rising requirements for modern, sustainable facilities.

The asset has seen strong leasing momentum since completion. Earlier this year, a Portugal‑based company signed a five‑year lease for 12,492 sqm. DHCare leased approximately 12,500 sqm on a 10‑year term to support new assembly lines and an expanded product offering, while THC initially took around 5,900 sqm on a nine‑year term to support its growing operations in the Porto market. THC’s latest expansion has now brought the scheme to full occupancy.

Fionn Murphy, Associate at Sunrise Real Estate, said the milestone reflects sustained demand for high‑quality logistics space. “We are very pleased to achieve full occupancy at our Porto facility, with this milestone underlining the continued occupier demand for sustainable logistics space in well‑connected locations. The strong leasing activity we have seen since completing the asset last year has enabled us to create a fully let, future‑proofed asset with strong investment appeal, benefiting from a strategic position within a supply‑constrained logistics market in northern Portugal.”

Uria Menendez acted as legal advisor, while CBRE, Savills and Cushman & Wakefield served as leasing agents.