Companies in the News

Castro Group

It has been a busy start to the year in terms of company investments in Portugal with Braga real estate group Castro investing €20 million in converting an old milk pasteurisation plant into a ‘smart park’.
Castro, which is a partner of Farfetch in developing Fuse Valley in Matosinhos, near Porto, will repurpose the18,000m2 former Lactogal unit in that district into a business centre which will be called Spark – Smart Park Matosinhos.
The building which was built between 1964 and 1967, and has been disused since 2009, was bought by the Castro Group.

DreamMedia

DreamMedia has announced it will invest €20 million after Porto City Council awarded it the rights to exploit Porto’s outdoor publicity.
The contract for the Portuguese company means the end of a 40-year monopoly by the French company JCDecaux.
Based in Gaia, the company markets itself as the national leader of billboard and outdoor publicity in Portugal. DreamMedia has won a 15-year exclusive contract in the city centre of Porto for the “installation and exploitation of publicity on street furniture (advertising billboards), with a commitment to invest €20 million on the new concession.
“It represents a historic milestone not just for DreamMedia, but also the municipality of Porto. To be a 100% Portuguese company and winning the second biggest contract in the country which includes the centre of Porto, including iconic areas such as Aliados, Clérigos and Boavista, says Ricardo Bastos, the company’s CEO.

T’Works

The German company T’Works, which specialises in translation services, has entered the Iberian market with the acquisition of TraductaNet.
The deal will enable the company to not only expand to the Iberian market, but to establish a link with Latin America where the Portuguese company as offices.
The acquisition of TraductaNet, which is based in Lisbon, was concluded on 20 December, 2021 by the German transition company.
“We will continue to increase our presence in Europe beyond our well-established market position in German-speaking countries” (Germany, Austria and Switzerland) said Christian Enssner, founder and managing partner at T’Works.

Finangeste

Finangeste is the new owner of the Dolce Vita shopping centre in Miraflores in partnership with a European investor.
The real estate institutional investor purchased the shopping centre located in the municipality of Oeiras from the Spanish banking group Abanca with the deal closed in 2021.
Dolce Vita has a GLA of 6,000 metres above ground and 131 parking spaces. Finangeste has a “significant investment plan which will reposition the centre, refurbish and modernise it, as well as providing the local community with a better commercial offer while at the same time making access to the centre easier and more convenient.”
In the deal Finangeste was supported by the law firm CMS Rui Pena & Arnaut.