Imopólis / JP Morgan - C&W instructed as sole agent to lease a logistics facility located in Pousos, Leiria
The facility totalled 31,000 sqm of prime logistics space spread out in three units. The property had been on the market before but with no success.
C&W defined and implemented a new and more aggressive marketing strategy.
Although the property enjoys excellent road accessibility to and from the A1 motorway, Leiria is not a preferred location for logistics as most operators prefer to be located closer to Lisbon.
After being instructed, the Industrial and Land team prepared a disposal strategy that, amongst other actions, included contacting and presenting this real estate solution to the main industrial companies located in and around Leiria that could require space for storage and distribution.
Part of the largest warehouse of the facility (14,000 sqm) was leased to national fruit juice producer and market leader SUMOL+COMPAL in 2009. The company temporarily needed extra storage space to complement their logistics shed adjacent to their main factory located 17km north, in Pombal. One year later, in 2010, C&W renegotiated with SUMOL+COMPAL their occupation and lease conditions and they now occupy warehouses one and two, totalling 27,467sqm.
C&W exceeded Imopólis / JP Morgan’s expectations by succeeding to lease approximately 90% of the total available space to one single occupier, after the property had remained empty in the market for a number of years.