This first Montepino project outside the borders of Spain is located in a strategic location on the A1 Highway from Lisbon to Porto.
![[Img # 49782]](https://empresaexterior.com/upload/images/10_2022/2355_valfondo_cr.jpg)
Bankinter Investment and Valfondo, manager of the Montepino logistics portfolio, have reached a new milestone by signing the first international project of Montepino, one of the largest owners of logistics properties in Spain.
The company reaches Portugal, as planned, with the purchase of the largest finalist land in Lisbon, in what has become the most important logistics operation of the last decade in the neighboring country. This is a plot with an area of 414.000 m2 and a leasable area of 147.000 m2 that will belong to the logistics portfolio of Montepino.
The project has a strategic location at the crossroads of the Highway A1 from Lisbon to Porto in Castanheira do Ribatejo where it intersects with the A10, the highway that connects Lisbon with Spain and the Algarve. An area that concentrates more than 60% of the logistics park of Lisbon, a city that concentrates more than 80% of the logistics park of Portugal.
The plot has all the licenses and the urbanization works are currently underway with more than 60% progress, so Valfondo plans to be able to start the works during the current year.
There are currently negotiations with potential tenants very interested in this project.
International expansion in record time
This project in Portugal constitutes Montepino's definitive leap into the international real estate scene, after becoming one of the main developers and asset managers specialized in logistics in Spain. “It represents the materialization of the internationalization strategy that we launched at the beginning of this year to diversify our operations both in locations and in potential clients,” he stated. Juan José Vera, advisor of Montepino and general director of Valfondo.
For the director of international expansion of Valfondo, Ben Alogo, “this purchase means entering Portugal in a solid way that will allow us to deploy our capabilities in a large project generating value in the country. “We have long-term implementation plans in Portugal with a successful model tested in Spain.”
