Andersen assists SCPI Elialys in Portugal’s first deal

Andersen Portugal was chosen as a partner for the French SCPI Elialys fund in the national territory. Andersen’s real estate team has advised the fund, a collective investment entity managed by Advenis – Real Estate Investment Management (REIM), in its first real estate acquisition in Portugal. The real estate asset in question is an industrial warehouse located in the Lisbon district, near the A8 motorway, strategically positioned for the development of industrial and logistics activities. The acquisition value is approximately 5 million euros, and the property has been leased for 20 years to a company specializing in the agri-food sector.

Legal support

Andersen’s Real Estate team has provided legal support throughout the process of auditing, acquiring, and leasing the property. The advisors’ team involved in this operation was led by Bernardo Silveira (pictured), head of the real estate area, which is integrated into the commercial department coordinated by partner Mariana Aires de Abreu, with the collaboration of real estate associates Sara Carneiro Lima, Constança Lino, and Carolina de Figueiredo Sarmento.

According to Bernardo Silveira, “the logistics sector in Portugal has proven to be particularly strategic and a growing trend in national real estate investment. This investment marks another important milestone in Elialys’ expansion strategy into Southern Europe, further reinforcing the increasing attractiveness of the Portuguese market, particularly in the logistics and agri-industry segments”.

“This first acquisition in Portugal illustrates Elialys’ ambition to apply our partners’ capital in the rapidly growing Southern European market, where we are diversifying our real estate asset portfolio. The agri-food sector in this geographical area is a key sector of the national economy, characterized by its diversity, quality, and dynamism,” explains Jean François Chaury, general director of Advenis REIM.