Frey Acquires Algarve Shopping and the Albufeira Retail Park for €179.3 Million
AM Alpha Acquires BPlanet Shopping Centre South of Lisbon for €55 Million
28 July 2019 – Richard D. K. Turner
The Munich-based family office AM Alpha fund, in conjunction with Nordrheinische Aerzteversorgung, acquired the BPlanet shopping mall in Barreiro in a deal reportedly worth around 55 million euros.
The 35,369-square meter shopping centre, built in 2019 by a French construction company, has 1,700 parking spaces and an occupancy of 98%. The 73 existing tenants include companies like AKI, Decathlon and Jumbo.
This was the German fund’s second acquisition in Portugal after it acquired Mapfre’s headquarters at Rua Castilho, in Lisbon, for 16.7 million euros. The building is currently undergoing renovations.
Original Story: Economia Online - Rita Neto