Mundicenter in Talks to Acquire Forum Aveiro for €90 Million

30 September 2019 – Mundicenter is near to finalising negotiations to acquire the Forum Aveiro for approximately 90 million euros, PropertyEU reported Friday.

Inaugurated in 1998, the Forum Aveiro has 76 stores, 17,500 square meters of gross leasable area, covered parking, 56 flats, recreation areas and a hanging garden.

Mundicenter currently manages eight shopping centres, including Amoreiras Shopping, Alvalade Shopping and Spacio Shopping in Lisbon, Arena Shopping in Torres Vedras, Oeiras Parque, Braga Parque, Strada Outlet, in Odivelas, and the Campus São João, in Porto.

Last year, Mundicenter had earnings of €76.3 million and profits of €26.5 million.

Original Story: Jornal de Negócios – Pedro Curvelo

Adaptation/Translation: Richard D. K. Turner