Savills has assisted Merlin Properties in reaching 100% occupancy of its first storage facility within Plataforma Logística Lisboa Norte (PLLN). The asset at PLLN is divided into six modules over 45,171 sqm, and its current tenants comprise Rangel, Olicargo, and DB Schenker.
Located in Castanheira do Ribatejo, 37km north of Lisbon, PLLN is the biggest logistics platform in Portugal. It is currently a prime location for the settlement of national and foreign companies looking to expand their logistics capabilities in the region.
Pedro Figueiras, Associate Director, Industrial & Logistics team, Savills Portugal, states, “We are very proud to have assisted Merlin with its leasing objectives, enabling them to fulfil their business plan successfully. This is currently the most significant industrial warehouse complex under development in Portugal, and this result represents not only the merits of the project itself but also Savills knowledge and understanding of the region’s occupational logistics market.”
Merlin Properties now plans on expanding its logistical capacity through the development of another warehouse with a gross area of 34,000 sqm, also within PLLN.