CBRE Sells Decathlon’s Logistic Platform in Setúbal
CBRE advised on the sale of the Decathlon Logistics Platform in Setúbal to an international investment fund specialising in logistics. This Sale & Leaseback operation includes a 36.700 sq m warehouse, a 3.500 sq m retail unit and a repair centre with 1.400 sq m.
The strategic location of this logistics platform covers the entire Decathon retail unit network in Portugal and due to its technical specifications is considered as one of the best logistics assets in the country.
It was an honour to assist Decathlon in this Sale & Leaseback process. In 2016 this represented the major logistics transaction to date in Portugal setting new local record market values for logistics assets.
Decathlon is the largest international sports retailer and is present in more than 30 countries. Market leader in Portugal, with 28 stores, Decathlon has an important expansion plan for the next 3 years.