Europi Property Group and Incus Capital have joined forces to scale up the logistics platform Ecologis, committing at least €100 million to new investments across Spain and Portugal. The partnership brings together Europi, which launched Ecologis in late 2021, and Incus Capital, strengthening the platform’s capital base and accelerating its expansion across the Iberian Peninsula.
Ecologis currently comprises eleven last-mile logistics assets, primarily located in the Lisbon metropolitan area, with a total leasable area of around 160,000 sqm. The portfolio is fully let to a diversified tenant base, including third-party logistics operators (3PLs), food distribution companies and e-commerce players, providing stable cash flows and exposure to structurally growing logistics segments.
Under the new joint venture, the strategy is to extend the platform beyond Portugal into key metropolitan markets in Spain, focusing on the acquisition and development of prime logistics assets that meet strict criteria in terms of location, building quality and sustainability standards. The partners aim to position Ecologis as a leading Iberian logistics platform, benefiting from Incus Capital’s established track record in the region and Europi’s operational experience in developing and managing modern last-mile assets.
