Blackstone has sold a portfolio of logistics assets in the Lisbon region. CBRE advised on the sale, which is valued at approximately €90 million.
The portfolio, comprising eight assets mainly located in Lisbon’s key logistics corridors, totals around 96,000 sqm of gross lettable area and approximately 208,000 sqm of land.
Intended for warehousing and distribution activities, including last-mile operations, these assets benefit from their proximity to the main road networks in the Lisbon Metropolitan Area.
For CBRE, the deal stands out as a landmark transaction in the sector in Portugal in 2026 and is significant for the Iberian market. The “deal highlights the strength of the logistics sector’s fundamentals in Portugal, notably a low vacancy rate, a shortage of institutional-grade assets and continued pressure on prime rent growth”, factors which, according to the consultancy, underpin strong demand from international investors.
The consultancy also noted that the transaction demonstrates the market’s ability to attract new investors with long-term strategies, consolidating Portugal’s position as an expanding ‘core+’ market within the European logistics landscape.
“We are very proud to have been part of this landmark transaction in a complex process, in which we managed everything from the preparation of the assets through to the completion of the transaction. Beyond the financial scale of the transaction itself, this acquisition highlights Portugal’s growing importance in pan-European capital allocation strategies. The ability to attract a new international owner and operator of logistics assets through a portfolio of this scale reflects not only the quality of the assets, but also the growing liquidity of the Portuguese logistics investment market”, commented João Duarte Silva, Head of Industrial & Logistics Capital Markets at CBRE Portugal.
“The Portuguese logistics market continues to benefit from strong demand from occupiers, limited availability of modern warehousing space and a persistent shortage of institutional-grade assets. It is these fundamentals that have underpinned rent growth in the main logistics corridors and which reinforce the sector’s attractiveness from a long-term perspective”, added Nuno Torcato, Head of Industrial & Logistics at CBRE Portugal.
