• Transaction / Assets
    Montijo Retail Park
  • Seller
    na
  • Buyer
    CA Património Crescente / Square AM
  • € MM
    15.5

CA Património Crescente Snaps Up Montijo Retail Park for €15.5 Million from Commerzbank

21 September 2019 – CA Património Crescente, a fund controlled by Square Asset Management, has acquired the Montijo Retail Park, across the Tagus river from Lisbon, from Commerzbank for €15.5 million. Commerz Real, Commerzbank’s fund manager, originally bought the asset in 2009 for approximately €30 million.

Market sources stated that the deal went for less than 1,000 euros/m2, with a yield of 7.5%.

Montijo Retail Park, which is located next to the Montijo Forum, has a surface area of ​​about 18,000 square meters, an 800-car parking lot and tenants such as Conforama, Leroy Merlin, Espaço Casa e Guimarães Footwear.

Original Story: Economia Online – Rita Neto

Adaptation/Translation: Richard D. K. Turner