It represents Green Logistics first investment in Portugal and will form part of the Aquila Capital Southern European Logistics Fund.

The building has been delivered to MC, the food retail unit of Portuguese conglomerate Sonae.

Green Logistics is investing almost €100 mln in the 112,000 m2 logistics complex, which will consist of two buildings, plus the associated urbanisation works.

The property aims to meet the most demanding efficiency and sustainability criteria to ensure the reduction of CO2 emissions, essential to obtain the BREEAM certification.

PV panels will be installed on the roof of one of the buildings and a water retention basin will enable the natural drainage of rainwater, without the need for connection to the network.

Jens Hoeper, head of logistics investment management at Aquila Capital, said: ‘The delivery of our first project in Portugal marks a very important milestone for Green Logistics by Aquila Capital, and we couldn’t be happier than to be working hand in hand with Sonae. We hope this will be the first of many Green Logistics projects we carry out in Portugal.’

Rui Braz, the director of logistics development at MC, added: ‘We believe that with this new warehouse in Azambuja we will strengthen our leadership position and be better able to respond to our customers, suppliers and employees. With this new building we have managed to improve the working conditions of our team, as well as increase the energy efficiency and environmental sustainability of our operations.’

Construction work is being carried out by GSE, a company that also collaborates on Aquila Capital's Green Logistics projects in other countries.

The project includes a parking lot with 353 spaces for light vehicles and 51 for heavy vehicles.

The Rainha Green Logistics Park is located about 40 km north of Lisbon, only 8 km from the access to the A1 and A10 highways, while the railway station of Vila Nova da Rainha is in the vicinities.