The 16,570 m² facility, fully leased for 20 years, underscores the ACSEL fund's commitment to expanding its portfolio of sustainable logistics assets in Southern Europe.
Developed by Green Logistics, the logistics division of the Aquila Group, the newly completed facility is strategically situated near key transportation hubs, including the city of Porto (25 km), Porto Airport (26 km), and the Port of Leixões (29 km). This prime location provides direct access to crucial supply chain routes, optimizing operational efficiency for tenants.
Gandra North Green Logistics Park has been designed with sustainability at its core. The facility is set to achieve BREEAM Very Good certification, reinforcing the ACSEL fund's dedication to environmentally responsible investments. It includes advanced water management systems, such as a water collection basin and permeable pavement, while also promoting sustainable transport through the installation of electric vehicle charging stations and bicycle parking.
With this addition, the total leasable area of the ACSEL fund's portfolio reaches 250,000 m², comprising five fully leased properties. By the end of 2024, the portfolio is projected to generate gross rental income of €13.5 million, with a weighted average lease term (WALT) of 16 years across all assets. This acquisition also increases the fund's total project portfolio value to €320 million, pushing its projected total gross rental income to €18 million, factoring in other secured transactions.
Till Schulz-Eickhorst, Managing Director and Head of Sustainable Infrastructure Management at Aquila Capital, commented: “This acquisition strengthens the ACSEL fund's portfolio in one of the most dynamic logistics markets in Southern Europe. By adding this high-quality, sustainable asset, we continue to deliver solid returns for our investors while adhering to rigorous environmental standards. The long-term lease agreement provides predictable revenue streams, aligning perfectly with our strategy of focusing on fully leased, sustainable logistics properties.”
The acquisition of the Gandra North facility is part of the ACSEL fund's broader strategy to capitalize on strong demand in the logistics sector in Southern Europe, driven by trends like e-commerce growth and supply chain optimization. With a rapidly expanding portfolio in Spain, Portugal, and Italy, the ACSEL fund has secured €360 million in equity capital from top-tier institutional investors across Europe and is actively pursuing further acquisitions. The fund aims to reach a total investment volume of €1.5 billion.
Christian Holste, Head of Client Advisory & Business Development at Aquila Capital, added: “Sustainable logistics facilities offer excellent opportunities for investors, particularly in markets like Portugal, where demand is steadily increasing. The ACSEL fund’s focus on high environmental standards and long-term leases not only supports sustainable development but also provides investors with stable, long-term returns.”
The ACSEL fund specializes in the acquisition and management of sustainable logistics facilities across Southern Europe. The fund targets high-quality, fully leased assets, aiming to deliver stable financial returns and long-term value creation. With a strong emphasis on sustainability, all projects under development meet stringent environmental standards, contributing to Aquila Capital's overarching commitment to reducing carbon emissions across its investment portfolio.
