Real estate makes €351.8M in Q1

The first quarter of 2022 closed with a total of 24 mergers and acquisitions in the real estate sector in Portugal.

The M&A operations, from two announced and 22 completed, drummed up a total of €351.83 million according to data released on Thursday by Transactional Track Record (TTR). The number of transactions is in line with the same quarter last year, when 24 were also recorded.
The largest M&A operation in Portugal was the sale by Grosvenor Europe of a 10% share in Sonae Sierra, the shopping centre management company to the Sonae Group worth €83.50 million.