174
174
  • Transaction / Assets
    building leased to Pingo Doce in Vila Nova de Gaia
  • Seller
    na
  • Buyer
    Corum Origin
  • € MM
    7.9

French Fund Corum Origin Acquires Asset in Gaia Retail

3 May  2019 – Richard D. K. Turner

The Corum Asset Management Group acquired the Pingo Doce store in the Gaia Retail Park, in Vila Nova de Gaia, through its fund Corum Origin. The fund bought the asset from an undisclosed private owner. Pingo Doce is currently leasing the site.

The asset has 7,700 square meters of surface area. While the Corum and advisers on the deal, CBRE and Active Services, declined to reveal the cost of the acquisition, but Economia Online reported that the asset sold for €7.9 million.

The French real estate investment company, which open an office in Lisbon a year and a half ago, added that it has plans for further acquisitions in Portugal.

Original Story: Idealista