Sunrise Real Estate (“Sunrise”), the pan-European investor, developer and asset manager specialising in high-quality logistics real estate, has achieved full occupancy at its 77,000 sqm logistics asset in Porto, Portugal, with existing occupier THC, a Lisbon-headquartered Portuguese third-party logistics provider, signing a new lease to expand its footprint at the scheme.

The asset was developed on a speculative basis in collaboration with logistics real estate specialist Panattoni and completed in 2025. Comprising two large industrial units, the asset was designed with 140 dock doors to support a high volume of goods movement and benefits from a 3.5 MVA power capacity. The building is rated BREEAM ‘Very Good’, reflecting Sunrise’s commitment to delivering future-ready, energy-efficient logistics space.

Situated just east of Porto, the development occupies a strategic, supply-constrained logistics location in northern Portugal. The Portuguese logistics market continues to benefit from strong occupier demand, driven by supply chain optimisation, e-commerce growth, and increasing requirements for sustainable, high-quality space.

The asset has experienced strong leasing momentum since completion. Earlier this year, a Portugal-based company signed a lease for 12,492 sqm of space on a five-year term. DHCare had also leased c. 12,500 sqm on a 10-year term to support new assembly lines and an expanded product offering, while THC leased c. 5,900 sqm on a nine-year term to support its growing operations in the Porto market. THC's latest expansion has now taken the scheme to full occupancy.

Fionn Murphy, Associate, Sunrise Real Estate, said:

“We are very pleased to achieve full occupancy at our Porto facility, with this milestone underlining the continued occupier demand for sustainable logistics space in well-connected locations. The strong leasing activity we have seen since completing the asset last year has enabled us to create a fully let, future-proofed asset with strong investment appeal, benefiting from a strategic position within a supply-constrained logistics market in northern Portugal.”

Uria Menendez acted as the legal advisor. CBRE, Savills, and Cushman & Wakefield acted as the leasing agents.