263
263

Deutsche Bank Invests in its Portfolio of Portuguese Shopping Centres

22 June 2019 – Richard D. K. Turner

DWS Investments, a fund management company belonging to Deutsche Bank, has built up a portfolio of shopping centres in Portugal. The company has been focusing its energies now on revamping the businesses. Its latest investment included the rehabilitation of the former Dolce DWS also owns the former Vila Real, now Nosso Shopping, Coimbra, which is now Alma Shopping. All three shopping centres went through a process of modernisation after having been acquired by the German bank. In 2018, footfall and the occupancy rate at Alameda Shop & Spot both grew significantly. Sales at the shopping centres food court grew by an impressive 30%.

In addition to those three shopping centres in Vila Real, Coimbra and Porto, DWS also owns the Madeira Forum and recently acquired Leiria Shopping from Sonae Sierra for 128 million euros.

Original Story: Jornal Econômico – Inês Pinto Miguel