December, 12, 2022
The first week of December started timidly and remained so, largely due to the holidays. However, the retail sector stood out with the opening of new commercial spaces by Aldi and Lidl, which continue their expansion strategies.
Earlier in the week, and in line with the process of modernizing and expanding its network of stores in Portugal, Lidl has opened its first store on a University Campus, at an international level. The new commercial space is located on the University Campus of the Faculty of Science and Technology of Universidade Nova de Lisboa, with an area of 1,400 m2. The value of the investment has not been disclosed.
The real estate consultant, Savills, was responsible for placing ANACOM – Entidade Nacional de Comunicações, in the Ramalho Ortigão Building 51 – RO51. The National Communications Entity will occupy half of the building, which corresponds to 4 storeys, with only the last 4 storeys remaining.
Soon after, GuestReady, a local accommodation management company in Portugal, has announced the expansion of its property portfolio through the acquisition of AYS Madeira Property Management, a local company with 14 years of experience in property management and rental. With this acquisition, GuestReady is taking its activity to the Madeira archipelago.
In the middle of the week, Aldi Portugal announced the opening of two new stores, reinforcing its presence in the centre of Lisbon, with a new commercial space in the Tivoli Forum (Avenida da Liberdade), and expanding its offer to the locality of Beja, which receives its third store. This last one has a characteristic that makes it stand out from the other stores – its facade is painted white, so as to create greater harmony with the architecture of the Alentejo houses and all their surroundings.
Also made public was the data revealed through the recent “MarketbeatSnapshots”, by Cushman&Wakefield, which analyzes and summarizes the commercial real estate activity in Portugal, during the third quarter of 2022. This analysis highlights the total volume of 1,700 million euros traded between January and September 2022.
With the week coming to an end, Lidl continues to focus on the strategy of modernizing its network of stores in the national territory, inaugurating a new commercial space in Porto, in the well-known roundabout AEP, and reopening one of its stores in Valongo. These stores have sales spaces between 1,430 m2 and 1,450 m2, respectively.
Lastly, Ecologis, a joint venture between Bedrock Capital Partners and EuropiPropertyGroup (EPG), acquired a real estate portfolio from Santander Asset Management (SAM), consisting mainly of logistics warehouses, which encompasses a gross construction area of approximately 24,000 m2, the properties being held by three real estate funds, managed by SAM.