retail-shopping-centers Market News: Spanish Real Estate Intelligence

CA Património Crescente Acquires Forum Castelo Branco for €20.35 Million
20 February 2020 Crédito Agrícola’s CA Património Crescente real estate investment fund has acquired the Forum Castelo Branco shopping center, according to a report in the Jornal de Negócios. Square Asset Management reportedly paid 20.35 million euros for the asset on behalf of CA Património. The real estate consultancy JLL and the law firm pbbr advised the seller, Patrizia, on the transaction. Forum Castelo Branco opened in 2007 after an initial investment of 54 million euros. The shopping mall has 75 stores and a gross leasable area (GLA) of 18,300 square meters, along with 950 parking spaces. Tenants include Sport Zone, Pingo Doce, Worten, H&M and Zara. Original Story: Jornal de Negócios - Pedro Curvelo Translation/Summary: Richard D. Turner
Corum Investments Invests a Total of €60 Million in Portugal
11 February 2020 Corum Investments, an independent real estate investment management company which first opened a branch in Portugal in October 2019, has already invested a total of 60 million euros in the country. The firm acquired eleven properties around Portugal, all of which involve retail assets with long-term contracts. The firm manages two funds in Portugal: Corum Origin and Corum XL, both of which posted returns exceeding 6% last year. Corum’s worldwide portfolio includes properties worth a total of 2.8 billion euros, in 16 different countries. Original Story: Economia Online Translation/Summary: Richard D. Turner
Porto Editora Acquires 400-M2 Store in Lisbon for €7.2 Million
28 January 2020 The Porto Editora group has acquired a street-front store in the neighbourhood of Chiado, in Lisbon, for 7.2 million euros. The 400-m2 property set a record for sales of street-front stores, with a price of 18,000 euros/m2. The firm also controls the publisher Livraria Bertrand, whose bookshop in Chiado is known as the oldest bookshop in the world. Original Story: Dinheiro Vivo - Ana Sanlez Photo: (Paulo Spranger/Global Imagens) Translation/Summary: Richard D. Turner