Logicor leases two Lisbon logistics warehouses to Luis Simões
20 Jun 2017
Logicor, a leading owner and operator of modern logistics facilities in Europe has signed a new 43,062 sqm lease agreement with Iberian third party logistics (3PL) company Luís Simões.
The lease is for modern warehouse space in two class A logistics buildings at Azambuja 6, a strategically located logistics park within Lisbon’s prime national distribution market. This transaction sees Luis Simões extend their previous footprint in the park by an additional by 7,500 sqm. Logicor’s Azambuja 6 park is now 100% occupied, with Luís Simões the sole tenant.
Manel Vericat, Managing Director of Logicor in Southern Europe added:
“I am delighted that we have been able to provide a suitable logistics warehouse solution for Luis Simões and look forward to this customer relationship growing across Iberia”.
Logicor’s Portugal modern logistics warehouse portfolio totals 534,000 sqm of national distribution centres strategically located in the A1 corridor between Alverca and Azambuja.
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Logicor is one of Europe’s largest logistics real estate specialists with a 13.6 million sqm portfolio spanning 17 countries. The pan-European strategy is underpinned by offices in 12 of the continent’s core markets, including the UK, France and Germany.