• Transaction / Assets
    four shopping centres
  • Seller
    Blackstone
  • Buyer
    Mitiska REIM
  • € MM
    40

Mitiska Acquires Four Shopping Centres in Portugal from Blackstone

27 January 2020 The Belgium Mitiska REIM, one of the largest investors in shopping malls in Europe, has acquired four shopping centres in Portugal from Blackstone in a deal reportedly worth approximately 40 million euros. The assets include the Alverca Retail Park, Santarém Retail Park, Aveiro Retail Park and the Lima Retail Park (Viana do Castelo). Mitiska REIM acquired the properties on behalf of the First Retail International 2 fund. The firm had already bought the Parque Mondego Retail Park, in Coimbra, and the Focus Park Canidelo in Vila Nova de Gaia two years ago.

The four shopping centres have a total gross leasable area (GLA) of approximately 78,500 square meters, increasing the firm’s total GLA in Portugal to 116,100 square meters.

Original Story: Economia Online – Paulo Moutinho/Rita Neto

Translation/Summary: Richard D. Turner