• Transaction / Assets
    Lidl Acquires Plot of Land in Carnaxide
  • Seller
    na
  • Buyer
    na
  • € MM
    3.2

Lidl Buys Land in Carnaxide from SIC for €3.2 million

28 February 2019

The deal was originally announced in March of last year but finalised only recently. The new supermarket may still open in 2019.

Lidl acquired a €3.2 million plot of land near the former headquarters of SIC in Carnaxide, Alexis Latorre García, the managing director of Lidl for Greater Lisbon, confirmed to Vivo.

The deal was initially announced by the group Impresa in March of last year but the company only finalised the acquisition in 2019. “The expansion has to comply with a series of requirements before licensing, and when we make investments, we have to ensure that zoning for the land is in accordance with our operations,” Mr García stated.

Lidl is expected to open other stores in Portugal this year as a part of the German chain’s expansion plans for Greater Lisbon. This Thursday, Lidl will open stores in the train stations of Sete Rios and Entrecampos, as well as one in Casal de Cambra, Sintra.

Original Story: Dinheiro Vivo – Ana Marcela

Photo: DR

Translation and editing: Richard Turner