Patron Capital and INBRIGHT JV acquires Lisbon light industrial estate for ESG-led refurbishment
London/Lisbon, 12 August 2025 - Patron Capital, the pan-European institutional investor focused on property-backed investments, and its partner INBRIGHT, the specialist investor, developer and asset manager for sustainable light industrial and logistics properties, have acquired Quinta da Marquesa, a 26,000 sqm industrial estate in Palmela to the south of Lisbon, from an open-ended Portuguese real estate fund. The purchase price was not disclosed.
Palmela is part of Lisbon’s metropolitan region, with Quinta da Marquesa providing light industrial space in one of Portugal’s key industrial areas. The 75,000 sqm site currently offers 26,000 sqm of gross lettable area (GLA), with 22,000 sqm of warehouse space and 4,000 sqm of office and meeting space, alongside 12 loading bays. Patron Capital and INBRIGHT will invest to transform the asset to modern ESG-led standards, and there is excellent potential to expand the site’s overall GLA, which could include developing currently unused outdoor areas.
The joint venture between Patron Capital and INBRIGHT is building a diversified portfolio of sustainable light industrial and logistics properties in Portugal and Germany, targeting value-add opportunities in strategic locations with strong potential for sustainable refurbishment and modernisation. In Portugal the JV is aiming to build a EUR 100 million portfolio of light industrial and logistics properties, with this deal representing the venture’s second transaction in the country.
Copyright: Inbright Portugal
Located adjacent to the major Volkswagen Autoeuropa factory, Quinta da Marquesa benefits from excellent transport links with easy access to the A2 and A12 motorways. Palmela is a major industrial and automotive hub, with an array of multinational businesses and logistics companies operating in the area. It also benefits from a skilled labour force in the surrounding area and a dynamic industrial ecosystem.
With current occupancy of around 50%, Quinta da Marquesa offers immediate leasing opportunities and significant value-add potential through repositioning and ESG-focused upgrades, including enhancing energy efficiency and improving occupier experience with enhanced workspaces and meeting areas. Planned refurbishment works will significantly improve the asset’s environmental standards and aim to achieve BREEAM In-Use certification.
Jonatas Szkurnik, Senior Partner and Investment Director at Patron Capital, said: "This acquisition underlines our commitment to building a high-quality, future-proofed portfolio in Portugal, where there is robust demand for well-located, energy-efficient light industrial and logistics space. Together with INBRIGHT Portugal, we are focused on delivering sustainable assets that meet occupier demands while creating long-term value for our investors."
Christoph Gumlich, Managing Partner at INBRIGHT Portugal, said: "Quinta da Marquesa fits perfectly into our strategy – a well-connected industrial asset within a key economic cluster anchored by Volkswagen Autoeuropa, which produces two strategically important models at its Palmela site. The property allows us to quickly deliver modern space in a tight market environment. With our local team in Lisbon, we are well positioned to proactively manage the asset and implement ESG-focused upgrades.“
Following successful investments in Germany where the JV is building a EUR 250 million portfolio, the Patron Capital and INBRIGHT partnership will continue to apply its tried and tested strategy to the Portuguese market. Just a few weeks ago, Patron Capital and INBRIGHT announced it had acquired a 13,700 sqm light industrial property for refurbishment in Norderstedt, Germany, for an undisclosed price.
The Quinta da Marquesa transaction was financed by Millennium BCP. TFRA Advogados and NewCycle acted as advisors to Patron Capital and INBRIGHT. The transaction was brokered by Cushman & Wakefield and CBRE acted as debt advisor on the deal.
Über INBRIGHT
INBRIGHT develops light industrial and logistics properties in economically strong locations with excellent transport connections. Since its founding in 2020, the company has delivered projects with a total investment volume of over €500 million and approximately 230,000 square meters of rental space in Germany. With the establishment of INBRIGHT Portugal, the company has recently expanded into the Portuguese market. Today, INBRIGHT employs 25 team members, all dedicated to implementing sustainable and innovative real estate solutions.
www.inbright.deINBRIGHT Portugal
INVIVO Projectos Imobiliários, Lda.
Rua D. João V, 30
1250-091 Lisboa, Portugal
info@inbright.ptINBRIGHT Development GmbH
Erasmusstr. 14
10553 Berlin
+49 (0) 30 4036862-0
info@inbright.dePress Contact INBRIGHT
Yvonne Hoberg
GLOWING MIND | Communications & Transformation
M +49 151 54 750 169
yvonne.hoberg@glowing-mind.comAbout Patron Capital Partners
Patron represents approximately €5.2 billion of capital raised across several funds and related co-investments, investing in property, corporate operating entities whose value is primarily supported by property assets and distressed debt and credit related businesses.
Since it was established in 1999, Patron has undertaken more than 200 transactions across 110 investments and programs involving over 9 million square metres in 17 countries, with many of these investments realised.
Investors represent a variety of sovereign wealth funds, prominent universities, major institutions, private foundations, and high net worth individuals located throughout North America, Europe, Asia and the Middle East. The main investment adviser to the Funds is Patron Capital Advisers LLP, which is based in London, and Patron has other offices across Europe including Barcelona and Luxembourg; the group is comprised of 65 people, including a 41-person investment team. Further information about Patron Capital is available at www.patroncapital.comMedia Enquiries Patron Capital
Henry Columbine/James Carnegie/Laurence Hill
SEC Newgate
t: +44 t: +44 (0)7827 486224
e: patron@secnewgate.co.uk
Our Contribution to the sustainable Development Goals of the United Nations
The 17 Sustainable Development Goals (SDGs) were adopted in 2015 by the member states of the United Nations. They set a road map for the sustainable social, economic and environmental transformation of our world by 2030.
The SDGs also offer us as a company a framework for contributing to a positive future for the world. Our ESG strategy is our contribution to tackling the greatest worldwide challenges, especially to achieving the following SDGs:
We respect diversity, a fair pay and participation structure and the indivdual promotion of out team members, thus contributing to equality of opportunity.
Economic success and a profitable investment strategy are for us the foundation for securing attractive jobs in the long term and contributing to healthy economic growth.
We promote a low-emission infrastructure by locating our properties close to existing residential areas, offering our tenants access to public transport. We modernise and reposition old industrial and commercial properties to make their use lower in emissions, cleaner and more flexible, thus making a noticeable contribution to sustainable industry.
When building and repairing our properties, we are careful to use innovative and engery-efficient systems so as to aviod unnecessary environmental pressures on the surrounding area. Wherever compatible with legislation and the comfort demands of our users, we reduce technical equipment to a minimum to promote the longevity of our properties.
We align both our company and our property projects to ESG criteria. This includes planning our properties in a way that is sparing of resources and ensures them a long useful life with maximum flexibility. We also maintain open interactions in the spirit of partnership with all those involved – from planners and building firms through to the eventual user.
Reducing emissions, especially CO2 emissions, has a high priority for us within our ESG strategy. We as a company aim to reduce and compensate for our CO2 footprint to make the most effective contribution we can to protecting the climate.
How we derived Our ESG strategy
In an initial workshop, we first developed core values for our company. The development of an ESG strategy for INBRIGHT is based on this: main topics were determined and validated based on a fixed evaluation scheme in a two-day workshop. On the one hand, the topics result from the requirements of national and international industry standards and frameworks, such as DGNB, LEED and GRESB, and, on the other hand, from general sustainability standards, such as the Global Reporting Initiative (GRI), the Sustainability Accounting Standards Board (SASB) and the Sustainable Development Goals. The list of topics was ultimately supplemented by specific industry requirements from the Light Industrial area. The collection of topics was classified based on a fixed evaluation scheme in a materiality assessment using a two-dimensional matrix with the dimensions “Relevance to business” and “Effects on the government and society”. The topics with the highest values in both dimensions, and hence being above the materiality threshold, form the basis of our ESG strategy or our sustainability programme. The materiality assessment is revalidated annually with the participation of internal and external stakeholders and the assessment of the topics is adjusted accordingly.
Our Contribution to the sustainable Development Goals of the United Nations
The 17 Sustainable Development Goals (SDGs) were adopted in 2015 by the member states of the United Nations. They set a road map for the sustainable social, economic and environmental transformation of our world by 2030.
The SDGs also offer us as a company a framework for contributing to a positive future for the world. Our ESG strategy is our contribution to tackling the greatest worldwide challenges, especially to achieving the following SDGs:
We respect diversity, a fair pay and participation structure and the indivdual promotion of out team members, thus contributing to equality of opportunity.
Economic success and a profitable investment strategy are for us the foundation for securing attractive jobs in the long term and contributing to healthy economic growth.
We promote a low-emission infrastructure by locating our properties close to existing residential areas, offering our tenants access to public transport. We modernise and reposition old industrial and commercial properties to make their use lower in emissions, cleaner and more flexible, thus making a noticeable contribution to sustainable industry.
When building and repairing our properties, we are careful to use innovative and engery-efficient systems so as to aviod unnecessary environmental pressures on the surrounding area. Wherever compatible with legislation and the comfort demands of our users, we reduce technical equipment to a minimum to promote the longevity of our properties.
We align both our company and our property projects to ESG criteria. This includes planning our properties in a way that is sparing of resources and ensures them a long useful life with maximum flexibility. We also maintain open interactions in the spirit of partnership with all those involved – from planners and building firms through to the eventual user.
Reducing emissions, especially CO2 emissions, has a high priority for us within our ESG strategy. We as a company aim to reduce and compensate for our CO2 footprint to make the most effective contribution we can to protecting the climate.
